New blows hit transport tycoons after kidnap drama
Crossmoor Transport faces liquidation challenge as another creditor claims R40m in unpaid debt
The money woes of Durban transport tycoons Alvin and Inderan Naicker have worsened, with Absa Bank applying to have their flagship firm, Crossmoor Transport, liquidated.
The company has vehemently denied being liquidated.
The family and their logistics and transport empire were thrust to the fore when the Naickers’ sister, Sandra Munsamy, was abducted in a brazen daylight kidnapping by a gang of armed men in May 2019, setting in motion a hostage and ransom drama that spanned six months...