Managers of Wealth Africa

Hlumisa directors aren’t letting their case rest.

ConCourt ruling could have far-reaching implications for company law in South Africa.

Financial Crime in Seychelles: Overview

In the Seychelles, the offences related to corporate fraud can be found in numerous Acts

Take heed of your bank’s requests

As was permitted under the trust deed, the trustees opened a bank account.

'We must bow out with pride' - VBS boss Tshifhiwa Matodzi

It took more than two years for the first identifiably suspicious transactions to emerge before VBS devolved into a Ponzi scheme and ultimately collapsed in March 2018.

Nigerian fraudster ‘Hushpuppi’ given St. Kitts-Nevis passport in February 2020 nabbed by FBI

Relying on data carefully analysed from several iPhones belonging to Hushpuppi, the FBI was able to discover loads of communications between the suspect and his collaborators

Crime counter-strategies pay

A burglary is when premises are broken into to remove cash or any other movable property, while a business robbery is the violent removal of cash or movable property while under the control of a bank.

$14m Debt: Court to Hear Sahara Group’s Suit against Ecobank

But Sahara’s counsel, Mr. Bode Olanipekun, pointed out that Sahara Energy Resources Limited, which Ecobank listed as first defendant in its application was not the same as his own client, Sahara Energy Resources Limited, Isle of Man.

Court allows Kiunjuri bank accounts probe

ARA is seeking to investigate whether funds from the irrigation board were wired to Mr Kiunjuri’s bank accounts through Mr Gachagua or his associates.

$14m Debt: Court to Hear Sahara Group’s Suit against Ecobank

Ogunba told the court that the application was not opposed by the respondents.

KRA manager, wife under probe over unexplained wealth arrested

Upon conclusion of the investigations, the DPP granted consent to the arrest and prosecution of the two on charges of tax evasion contrary to section 45 (1) as read with section 48 of the anti-corruption and Economic Crimes Acts No.3 of 2003.

Robert Madzonga denies looting VBS, claims he was framed

“I haven’t worked for VBS but I was the CEO of Vele Investments. I never got any salary from VBS but from Vele, but my name is linked amongst those who allegedly looted VBS."

Former CFO at Merafong Municipality charged in VBS Bank matter

Wienekus has reportedly told investigators that he had made the deposits following instructions from acting Merafong Municipality manager Romeo Mohaudi.

Over $48m distributed to SA banks in Botswana money-laundering case

During a media briefing, Nel said the brief on the case from the DPP was to facilitate developments relating to a request for mutual legal assistance in the Bank of Botswana case.

GN Licence Case: Court of Appeal orders BoG to justify revocation at High Court

The court was presided over by Justice Ackah Yensu with Justices L.L. Mensah and Anthtony Oppong.

Judiciary goes digital in line with new normal

Guidelines on video conferencing in civil trials are yet to be issued.

South African bank looting suspects plead not guilty

Seven face charges of racketeering, theft, fraud, corruption and money laundering at VBS

South African police make arrests over notorious bank corruption scandal

VBS Mutual collapsed in 2018 with £100m of debts allegedly looted in ‘pattern of racketeering’

Hawks arrest VBS ‘kingpin’ Tshifhiwa Matodzi and other directors in early morning raid

Included in those expected to be arrested is former VBS and Vele Investments chairperson Tshifhiwa Matodzi, the alleged kingpin of the theft of depositor’s funds from the bank.

How Zimbabwe paid 2-week old company US$2m, sparking Interpol probe

'This egregious scandal is further confirmation that official corruption is at the root of Zimbabwe’s economic crisis'

Appleby Mauritius Advises On The Tender Offer In Respect Of UPL Corporation Limited's Notes

Appleby Mauritius has a specialist team dedicated to advising clients on Tender Offers.

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