Choppies auditors deny duty to Ram, Farouk
Friday, October 23, 2020
The auditors who are facing a P450 million lawsuit from the Choppies’ bosses said they did not owe a legal duty or duty of care to the two shareholders in their individual capacities.
According to the duo’s Court documents they blame the auditors for alleged lapses that led to the regional grocer’s suspension from the stock exchange in 2018 and a collapse in value.
While it is widely acknowledged that Khama holds the title of Kgosi, the government’s failure to properly gazette his recognition has raised serious concerns about adherence to legal procedures and the credibility of traditional leadership. (See a story elsewhere in this newspaper.) Recent court documents by the Minister for Local Government and Rural Development, Kgotla Autlwetse, shed light on the intricacies of Khama’s recognition process....