DJ Sumbody’s Business Partner Allegedly Took A R15-million Life Cover Policy Before The DJ’s Death. DJ Sumbody’s business partner Kagiso Setsetse took a R15-million life cover policy from Momentum a year before he was killed execution style in Joburg last year.But the staggering amount was not paid out by the insurance company because the detectives investigating Sumbody’s untimely death “froze” the payment until they could obtain a statement from Setsetse.
The chilling tidbits were revealed by alleged 28s gang boss and Cape Town businessman Ralph Stanfield in an exclusive interview with Sunday World this week.
Ralph flew down to Johannesburg at the end of 2019 and met him at Tashas Menlyn, Pretoria, where they offered him a partnership through his wife Nicole.
The terms of agreement was that Nicole takes care of the overall operations and all three directors, being Nicole, DJ Sumbody and Kagiso get a salary of R150 000 monthly and split R1.5-million at the end of every year.“At first DJ Sumbody had tabled 50% for Nicole, which I turned down and requested that the directors share evenly,” Stanfied said.
He said when Ayepyep Cape Town was officially opened on April 1, 2021, Setsetse and DJ Sumbody received a threat from unidentified gangers claiming that they would shoot the place down if they continued with the opening. They then had a quick meeting with Stanfied at the Victoria Waterfront Mall where he provided security.“Till to date there have been no reported shootouts at or near the establishment,” he said.Stanfied alleges that in 2021 Setsetse and Sumbody “amended” their Ayepyep Menlyn shareholders agreement after which Setsetse took out a life insurance for the artist to the value of R15-million.
He said the investigating officer tried a couple of times without success to get a statement from Setsetse until he fled the country to Dubai .Setsetse fraudulently, Stanfied alleges, obtained Sumbody’s death certificate from the funeral parlour after the musician’s mother refused to give it to him. This because he allegedly wanted to claim from the insurance but the detectives stopped the process.
