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The company has claimed at no stage had it failed to honour its financial obligations.  In a note drafted by its lawyers, Gobhoza Legal Practice, Bluthorn Fund Managers denied fleecing creditors millions of Pula.  This is despite a report filed with the High Court implicating it. Instead, the company is claiming that the Non-Banking Financial Institutions Regulatory authority (NBFIRA) is to blame for its collapse. In a notice of its intention to appeal a judgement by the High Court in which its application of stay of liquidation was shot down, the company is pushing back against NBFIRA’s claims that it was insolvent and instead argues that the value of its investments is considerably in excess of that of funds it is alleged to have misappropriated.

Justice itumeleng segopoloEune engelbrechtChris brayMaster of the high courtBluthorn holdingsInvestment companyBluthorn fund managersHigh courtGobhoza legal practiceNon banking financial institutions regulatoryCompanies actProvisional liquidatorVariable capitalCollective investment undertakingsகிறிஸ் ப்ரேகுரு ஆஃப் தி உயர் நீதிமன்றம்