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).

Rollers, Orapa brace for two-part sequel

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