Kgori Capital Loses Bid To Access Frozen Funds

Monday, June 11, 2018

Asset management company, Kgori Capital that is involved in a financial scandal has lost its bid to have partial access to its money sitting in a restrained account.

This comes after the company launched an urgent application a fortnight ago to be allowed access to part of its funds in the restrained account before Lobatse High Court judge Godfrey Ntlhomiwa.

The company was seeking an order of the court to partially lift the freeze in respect of the restrained account because they are running out of funds to sustain the business.

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Kgori Capital Loses Bid To Access Frozen Funds

Asset management company, Kgori Capital that is involved in a financial scandal has lost its bid to have partial access to its money sitting in a restrained account.