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.

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