Stephen van Coller has taken the first step to restoring the reputation of struggling technology group EOH, releasing a forensic report that flags "suspicious transactions" worth R1.2bn.

The report, compiled by law firm ENSafrica over the past five months, is a devastating indictment of the haphazard compliance that developed during the years of stellar growth under founder Asher Bohbot. For years EOH was the market darling; its share price rocketed from 50c when it listed in 1998 to R176 in September 2016. Then the years of reckless acquisitions came back to bite it.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.