Forensic Investigation of a Fuel Wholesaler
Kahamelo (mandated by D&T Trust Liquidators) is currently assisting with the forensic imaging of a Fuel Wholesaler’s computer equipment, performing business intelligence procedures on the entity, and carrying out a financial assessment on the entity’s available accounting records and financial and other information to identify related parties, sources of information, the dissipation or concealment of assets, and the cause of the company’s financial difficulties prior to liquidation.
Independent Financial Assessment of a Road Construction & Rehabilitation Company
Kahamelo is currently mandated by D&T Trust Liquidators to assist with an independent financial assessment on the accounting and financial information of a Road Construction & Rehabilitation Company to identify discrepancies within the accounting and financial information and determine the cause of the company’s financial difficulties prior to liquidation.
Forensic Investigation of a Fleet Company
Kahamelo (mandated by D&T Trust Liquidators) is conducting a forensic investigation into a Fleet Company’s financial affairs with a focus on the profitability of all current projects. Kahamelo is also assisting with quantifying and verifying outstanding creditor balances and determining whether loan facilities were executed in accordance with relevant contractual provisions.
Independent Financial Assessment of a Fuel Supply Company
Kahamelo (mandated by D&T Trust Liquidators) is currently assisting with conducting an independent financial assessment of available financial and other information for the period leading up to liquidation to determine the cause of the company’s financial difficulties. The financial assessment includes analysis of diesel purchases and sales, evaluation of supplier relationships, review of trading operations, transaction mapping, and cash flow analysis.
Forensic Investigation into Hostile Takeover
Kahamelo (mandated by D&T Trust Liquidators) carried out a forensic investigation into the hostile takeover and incorporation of a Gauteng-based Corporate Services Entity into a dormant closed corporation. Kahamelo assisted the liquidators in identifying and tracing assets and in obtaining forensically sound evidence, which was used to obtain further warrants under Section 69(3) of the Insolvency Act 24 of 1936.
Forensic Investigation into Liquidation Claims
Kahamelo (mandated by D&T Trust Liquidators) carried out a forensic investigation into the financial affairs of a Consortium Project Management Company to determine if any untoward activities occurred at the company. Kahamelo’s forensic investigation included, inter alia, taking possession of electronic and physical records and assessing the validity and accuracy of creditors’ claims.
Expert Witness during Section 417 Enquiry (Insolvency Matter)
Kahamelo was mandated by D&T Trust liquidators to carry out a forensic investigation that focused on the financial difficulties experienced by Marine and Offshore Logistics Services Provider, its mismanagement, breakdowns in its internal controls, poor corporate governance, fraud, misappropriation, and other illicit activities. Kahamelo also assisted the liquidators with expert reports to support claims against related parties for the misappropriation of company assets. Johan testified as an expert witness during the Section 417 Enquiry (Arbitrator: Advocate Fritz Brand SC, former judge of the Supreme Court of Appeal of South Africa).
Independent Forensic Assessment into cause of Financial Distress
Kahamelo (mandated by D&T Trust Liquidators) carried out an independent forensic assessment on a South African Construction Company’s available financial and other information to determine the cause of the company’s financial difficulties and distress prior to business rescue and subsequent liquidation.
Clyde & Co Appointed Business Rescue Matter
Kahamelo (mandated by Clyde & Co) drafted a memorandum for one of a Furnace Services Company’s major suppliers, which contained a review of the company’s business rescue plan, and which indicated risks and concerns identified.
Financial Forensics for Danish Maritime Services Company (Denmark, in liquidation)
In consultation with Bowman Gilfillan and Advocate Michael Fitzgerald (SC), Kahamelo assisted a Danish Maritime Services Company with financial forensic procedures, which included detailed financial, accounting treatment, and tax analyses into various agricultural transactions, during litigation with a South African grain company.