The noose is tightening around the former Steinhoff big chiefs as MPs this week forced the company to publicly release the names of the executives allegedly responsible for €6.5bn of irregular spending, and pressure mounts for prosecution authorities to ... Read More
Former Denel group CEO Riaz Saloojee has told the judicial commission of inquiry into state capture that one of the Gupta brothers, Tony (Rajesh) Gupta, allegedly attempted to offer him money after a meeting at the family compound, notes News24 ... Read More
The inquiry into the Public Investment Corporation (PIC) has questioned the fund manager's advisory fee payments to a firm linked to former Finance Minister Nhlanhla Nene's son. The topic was raised at the commission, chaired by retired Judge ... Read More
Judgment has been reserved on an interdict being sought by AYO Technology Solutions against the Companies and Intellectual Property Commission (CIPC), notes a Fin24 report. The matter was heard at the Gauteng High Court (Pretoria) on Wednesday, and judgment will ... Read More
Comment is sought by 15 April on proposed amendments to Independent Regulatory Board for Auditors rules dealing with improper conduct, reports Pam Saxby for Legalbrief Policy Watch. This is in anticipation of revised rules becoming effective from 1 January 2020. According to an accompanying ... Read More
It doesn't have to be the end of the road for companies like KPMG, Steinhoff and EOH caught up in corruption and whose reputations are now dragging on the floor. There is hope for a comeback and reversal of ... Read More
Suspended Chief Magistrate Mishrod Guvamombe, who is facing criminal abuse of office charges, will stand trial on 9 April in a Harare regional court. New Zimbabwe reports that Harare magistrate Lucy Mungwari said it was ‘ridiculous’ to have him tried ... Read More
The Financial Intelligence Centre (FIC) has informed some government agencies that $5.4m stolen from the SME Bank had been returned to the country. The Namibian reports that the national agency tasked with investigating financial crimes in Namibia informed several ... Read More
Kenyan MPs have asked how a 10km wire fence built along the country's border with Somalia cost $35m. The government had originally promised to build a complex wall to run about 700km along the border. The Daily Nation reports ... Read More
The US Securities and Exchange Commission (SEC) alleged last week in a court filing that Volkswagen (VW) ‘perpetrated a massive fraud’ and repeatedly lied to US investors in connection with the company’s emissions scandal. A Jurist report notes that, according ... Read More
A financial planner who told his clients he would invest their superannuation but instead used millions of dollars of their money ‘as he pleased’ has been sentenced to 10 years' jail. According to a Sydney Morning Herald report, Gabriel Nakhl ... Read More
The Solicitors Regulation Authority (SRA) has insisted a £124 436 fine imposed on a claims firm was ‘substantial’ – despite amounting to just 1% of annual turnover at the business. According to a Law Gazette report, SRA-licensed alternative business structure ... Read More
* The Passenger Rail Agency of SA (Prasa) has placed three of its executives on special leave while a GM has been suspended. They face allegations of improper, irregular, corrupt and fruitless and wasteful expenditure, the report said. The executives are ... Read More
* Central Energy Fund board chairperson Luvo Makasi resigned on Friday – just an hour before he was dismissed for allegedly attempting to solicit a bribe from oil trading firms on behalf of senior politicians and officials, including Deputy President David ... Read More
* Sanral has highlighted the plight of a Gauteng motorist to support its claims that the entity is pushing ahead with seeking default judgments as part of its latest ploy to recoup billions of rands owed in e-tolls. The motorist, according ... Read More
