In South Africa’s perpetual, but virtually fruitless, combat towards white-collar crime, non-public liquidators have someway emerged as sudden champions.
Their entry, experience and effectivity have positioned them uniquely to uncover most of the hidden machinations of company fraud.
The collapse of VBS Mutual Financial institution in 2018 revealed an internet of corruption and fraud involving billions of rand. Liquidators uncovered vital proof of suspicious actions, together with fictitious deposits and misappropriation of funds.
