Forensic Investigation into Retail Sports Betting Company
Kahamelo was mandated to conduct a forensic investigation into a Retail Sports Betting Company’s financial practices and transactions. Procedures included validating and verifying revenue received and payouts made, tracing all funds disbursed to and received from related companies, and conducting corporate governance and tax assessments.
Round-tripping Forensic Accounting Matter
Kahamelo, mandated by Small-Smith & Associates Incorporated Attorneys, and in support of the Directorate of Priority Crime Investigations, conducted forensic investigations for a large Steel Manufacturing Company into alleged fraud, theft, round-tripping of funds, money laundering, and manipulation of accounting records involving various related entities. Kahamelo performed detailed financial analyses, cash flow reconstructions, reviews of Contra Account Details, assessments of fictitious liabilities and assets, and examinations of misappropriated investments. Kahamelo assisted with the compilation of a Forensic Report for the matter and prepared an expert witness affidavit setting out the forensic findings for use in ongoing criminal proceedings.
Forensic Investigation into Executive Misconduct
In consultation with Crowe Forensics and in conjunction with Werksmans Attorneys, Kahamelo performed a forensic investigation into the misconduct of a Global GDP Logistics Company’s Regional Director and assisted the company during the subsequent disciplinary proceedings. Kahamelo also performed a high-level assessment of the approximate losses incurred by the Global GDP Logistics Company as a result of the misconduct of its Regional Director. Johan testified during the disciplinary proceedings as an expert witness.
Assessment of Annual Financial Statements and Tax Misconduct
Kahamelo (mandated by the Board of Directors) assessed the impact of a South African-Founded Global Sports Nutrition and Dietary Supplements Brand’s CFO and former managing director’s alleged misconduct on the Annual Financial Statements, as well as the tax implications of the misconduct discovered.
Tracing of Tanzanian Government Assets
In consultation with Crowe Forensic, Kahamelo performed asset trace services on assets held by external companies, with potential official Tanzanian connections, that are beneficially owned or held by the Government of Tanzania.
Internal Investigation into JSE-listed Construction Companies’ Finances
In consultation with Crowe Forensics, Kahamelo assisted a JSE-listed Construction Company with an internal investigation to ascertain if the cause of the financial difficulties during a project was due to mismanagement, a breakdown in internal controls, the existence of fraud, or any other illicit activities.
Forensic Investigation into Data Governance
Kahamelo was mandated to conduct a forensic investigation into the governance procedures of a Data and Records Management Company relating to the storage of information and data held on behalf of a client.
Expert Witness for NYSE-listed, S&P 500 Company
In consultation with Crowe Forensics and Werksmans Attorneys, Kahamelo assisted with a forensic investigation to uncover potential irregularities in historical customer billing, as well as other sinister activities at the company. Johan testified during the arbitration proceedings as an expert witness for Advocate Michael Fitzgerald SC.
Niche South African Banking & Investment Services Provider
In consultation with Crowe Forensics, Kahamelo assisted with a forensic accounting investigation into an investment company of a niche South African Banking and Investment Services Provider. Kahamelo performed procedures on the acquired stock, conducted a margin analysis, and reviewed bank statement activity.
Leading Second-tier Southern African Bank
In consultation with Crowe Forensics (mandated by Werksmans), Kahamelo assisted in designing and performing internal irregularities procedures related to alleged corrupt contract activities in a neighbouring country.