In a surprising turn of events, the story surrounding the unfortunate passing of DJ Sumbody has taken a twist, as allegations emerge regarding the freezing of a substantial life insurance payout. This revelation has sparked intense scrutiny and left many questioning the motivations behind such a decision.
The late DJ Sumbody’s death certificate became a pivotal document when attempts were made to claim a substantial R15-million life cover policy from Momentum. Shockingly, the claim was not fulfilled due to a controversial intervention. Detectives, who were investigating the circumstances of DJ Sumbody’s demise, decided to halt the insurance payout until a statement could be obtained from Dj Sumbody’s business partner Kagiso Setsetse.
Setsetse, responding to the allegations, acknowledged taking out a life cover for DJ Sumbody. However, he clarified that this insurance arrangement was part of a business agreement. Termed as “buy and sell insurance,” it aimed to provide financial protection for directors in case of death. The funds would then be directed towards the shares of the business, ensuring stability for the family. Setsetse clarified that when the insurance payout occurs, the musician’s family would be the beneficiaries.
Amid these revelations, Setsetse staunchly refuted the claim that the insurance company had frozen the insurance payout. He clarified that the insurance company had instead requested an evaluation of the club’s total value before proceeding with the payment. This narrative contradicted earlier reports suggesting Momentum’s involvement in the freezing of funds.
The controversy deepened when it was disclosed that Setsetse had obtained the life cover certificate without the consent of DJ Sumbody’s family. This revelation was met with dismay, as it highlighted a lack of transparency and communication between the parties involved.
As investigations and discussions unfold, one thing remains clear: this is a story that touches on not only financial matters but also personal relationships and ethical considerations.
Source:
Celebrity News | DJ Sumbody’s partner took out R15m life cover on artist
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