Ecsponent begins legal action after probe into R100m MyBucks investment
A forensic probe followed an internal investigation into the merits of buying preference shares in a subsidiary of MyBucks SA
08 September 2020 - 13:20
Niche financial services group Ecsponent says it will begin legal action following an external forensic probe into the merits of a R100m investment it made into a subsidiary of MyBucks SA.
The group says the merits of the investment may have been misrepresented and it is pursuing “certain parties” which it believes are possibly liable for financial losses that followed actions by the company...
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