Delay in Classic Financial Services investigation: investors demand answers
Significant progress has been made in mapping Classic’s total investor portfolio.
#NationalProsecutingAuthority
Steinhoff former execs accused of reaping hundreds of millions through ‘fraudulent efforts’
The NPA indictment against former executives Stéhan Grobler and Ben la Grange details how they earned millions due to inflated share prices based on false profits.
How the Steinhoff Group propped up its profits
The National Prosecuting Authority’s indictment against former Steinhoff executives lays bare a ‘sophisticated washing machine’ that generated ‘entirely illusory profits’.
Hawks investigating reported death of MTI founder Johann Steynberg
Brazilian reports spark speculation as South African authorities probe the circumstances surrounding Steynberg’s alleged death.
Hefty sentences for members of syndicate who defrauded SARS of R100m
The group claimed R200m in VAT refunds for importing, storing, and selling diesel.
Celebrity chef sentenced to 10 years in jail for R5.3m VAT fraud
Lusizo Henna laundered the R3.1m refund within 14 days of SARS paying the money into his business account.
Man defrauds Santam while in prison for defrauding Mutual and Federal
Oudtshoorn Regional Court sentences husband to 26 years’ imprisonment and his wife and accomplice to 7 years for a ‘well-planned scheme’.
Jooste’s death raises questions about the fate of seized assets and Steinhoff prosecution
A fiduciary expert discusses the legal complexities surrounding attached assets in the wake of Markus Jooste’s death.
Jooste’s death won’t affect Steinhoff investigation
A former Steinhoff executive appeared in the Specialised Commercial Crimes Court on Friday charged with fraud and racketeering.
South Africa’s corruption crisis: lowest score yet on global perceptions index
The country’s latest score on the Corruption Perceptions Index is lower than it was during the administration of former president Jacob Zuma.
Family members in court for alleged multimillion-rand Ponzi scheme
The trio linked to Coin-It Trading were charged with fraud, contravening the FAIS Act and the Banks Act, and with money laundering.
Prosecution challenges threaten South Africa’s exit from FATF grey list
The National Prosecuting Authority Amendment Bill will play a pivotal role in bolstering South Africa’s prosecution capabilities, says CDH’s Louis Botha.
