Ecsponent starts probe into alleged misappropriated loan
The group has initiated a forensic investigation into a $7.5m third-party loan to one of its subsidiaries
01 September 2020 - 08:50
Niche financial services group Ecsponent has begun a forensic investigation into $7.5m (R126m) in funds received by a Mauritius-based subsidiary that may have been misappropriated.
The alleged activities of the offenders has affected the company’s ability to service the monthly interest and repay the principal amount of the facility, the statement read...
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