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Bluthorn Fund Managers (BFM) is demanding more than P200 million from individuals who were at the helm of the companies in the BFM Group during its glory days as it tries to recover various amounts which were initially invested by creditors. ....
The Molepolole Administrative Authority (sub-council) refused to invest in the controversial Bluthorn Fund Managers (BFM) citing conflict of interest by ....
The High Court has granted a final order for the liquidation of four companies under Bluthorn Fund Managers (BFM) as if they were one estate. The order by ....
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. ....
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