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Bluthorn denies embezzling allegations | Sunday Standard


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 Segopolo , Eune Engelbrecht , Chris Bray , Master Of The High Court , Bluthorn Holdings , Investment Company , Bluthorn Fund Managers , High Court , Gobhoza Legal Practice , Non Banking Financial Institutions Regulatory , Companies Act , Provisional Liquidator , Variable Capital , Collective Investment Undertakings , கிறிஸ் ப்ரே , குரு ஆஃப் தி உயர் நீதிமன்றம் , முதலீடு நிறுவனம் , உயர் நீதிமன்றம் , அல்லாத வங்கி நிதி நிறுவனங்கள் ஒழுங்குமுறை , நிறுவனங்கள் நாடகம் , தற்காலிக லிக்விடேட்டர் , மாறி மூலதனம் ,