BUSINESS Day has launched an application in the South Gauteng High Court to obtain forensic information on the collapse of Alliance Mining, a JSE-listed company that was placed in liquidation in 2010.It was chaired by African National Congress treasurer-general Mathews Phosa and, weeks before its collapse, it received a R120m loan from the Industrial Development Corporation. It went into liquidation after announcing that its previous financial results had overstated profits by at least R230m.Business Day columnist Stuart Theobald made an application in terms of the Promotion of Access to Information Act to obtain the documents in January this year but the liquidators refused it.Mr Theobald and Business Day have now approached the court for an order requiring the liquidators to hand over the documents, including a forensic report by Grant Thornton and documents given to an inquiry into the affairs of the company in terms of section 417 of the old Companies Act. They have argued that ...
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