NBFIRA seeks order to liquidate Bluthorn

Friday, September 25, 2020

The Non-Bank Financial Institutions Regulatory Authority (NBFIRA) has filed an application at the High Court seeking an order to liquidate Bluthorn Fund Managers (BFM).

NBFIRA acted on the statutory manager’s recommendations and filed an application at the High Court.

This comes after the regulatory authority discovered during its supervisory activities in May 2019 that BFM was not fully compliant with the relevant financial services laws. It was further discovered Bluthorn channelled the majority of investor funds into one of its related companies being Prime Employee Benefits.

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NBFIRA seeks order to liquidate Bluthorn

The Non-Bank Financial Institutions Regulatory Authority (NBFIRA) has filed an application at the High Court seeking an order to liquidate Bluthorn Fund Managers (BFM).

Athletics likely to go solo at Olympics

Amidst BFA fights, Sebego raises hand for presidency

Chiefs puzzled by docking of points

Fitness trainer, Zongwane breaks barriers

Khawa dangles largest payout

Ex-badminton official maintains innocence

Kwa Nokeng Oil sponsors young biker with P120,000

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Routine child vaccination imperative