Bhi Trust

The state has provisionally dropped charges against Michael Haldane and Sona Pillay but investors could seek private prosecution

Victims of scams and pyramid schemes have little chance of recouping their financial losses

The former co-trustee was found guilty of 206 counts of fraud in the scheme, which has cost investors at least R1.6 billion

The court said the application plainly raised constitutional issues of reporting in the public interest

The lawsuit is the latest example of business entities trying to bar the media from reporting

But the South African expat listed as a Swiss resident has denied any connection to the company that apparently marketed the alleged ponzi scheme

Investors are worried that as the investigation drags on, their life savings may have been transferred out of reach to offshore companies

The financial intermediary says its ‘directors, staff, their families and friends have also suffered loss arising out of investments’ in the collapsed fund

Forensic investigator raises the alarm over the decision to hold an in-camera inquiry into the swindle in which investors lost billions and calls for the minister of finance to…

The bank is terminating its relationship with the financial intermediary which is now directing clients to a business that has a director in common with BHI Trust’s administrator

Axiam Capital Management say they feel betrayed by Craig Warriner but fear no liability in the matter

Dozens of desperate investors are demanding answers about how their money could simply ‘disappear’ from the fund that claimed to have used registered financial service providers