Orlando Pirates have broken their silence after approaching the Johannesburg High Court in an effort to freeze R20.2 million allegedly connected to former finance manager Darryl Joselowsky.
The move follows an internal forensic investigation into the club’s financial transactions, with TimesLIVE reporting that suspicious transactions linked to the former employee were uncovered.
The alleged financial irregularities were reportedly flagged in July during a routine assessment of Pirates’ management accounts.
The Soweto giants have now confirmed their High Court application, saying the purpose is to preserve the funds in question.
Pirates also confirmed that Joselowsky is cooperating with the club as the matter continues to unfold.
“Orlando Pirates Football Club is aware of media reports concerning a court application brought by the Club,” said the club’s statement.
“The Club has asked the High Court to preserve funds linked to certain financial transactions while those transactions are investigated. This is a precautionary step to protect the Club’s funds during the process.
“The application is not a finding of wrongdoing and should not be interpreted as one. The individual concerned is cooperating, and the Club is committed to a fair process for everyone involved.
“Our supporters, partners and sponsors can be assured that the Club’s day-to-day operations and commitments continue as normal. Our focus remains on the team and the season ahead.
“As the matter is before the court, it would not be appropriate for the Club to comment further at this stage. We will provide updates when we are able to do so.”