Veteran stockbroker Sidney Frankel has been served
Seven individuals claim he sexually abused them up to 30 years ago.
JOHANNESBURG - Billionaire stockbroker Sidney Frankel has been served with a civil lawsuit brought by seven individuals who claim he sexually abused them up to 30 years ago.
The seven are taking Frankel to court seeking damages for the trauma they say they suffered in the late 1970s and early 80s.
They're asking for R5 million each.
Lawyers acting for the seven individuals have confirmed that the documents were served on Frankel's attorney's office this morning.
The group has spent several months compiling the claim, they're all aged in their early 40s and allege the billionaire stockbroker and philanthropist sexually assaulted them when they were young children.
The incidents apparently took place at Frankel's Kyalami farm, his farm in Mpumalanga and his home in Abbotsford in Johannesburg.
One of the complainants was a resident at the Arcadia Jewish Children's Home at the time.
The period to criminally charge Frankel has lapsed and this is why the plaintiffs have to pursue a civil route.
Frankel's lawyer says he will not ventilate or litigate this matter through the media.