Forensic
Accounting Investigations

Kahamelo provides independent forensic accounting investigation services to management, legal teams, oversight bodies, and law enforcement agencies.

We investigate allegations of fraud, asset misappropriation, corruption, money laundering, conflict of interest and other financial misconduct. Our investigations help organisations establish the nature and extent of irregularities and identify whether they arise from illicit activities, breakdowns in internal controls, corporate governance weaknesses, or broader mismanagement.

Each investigation follows a structured and methodical forensic process tailored to the unique circumstances and objectives of the matter, ensuring efficiency, accuracy, and credibility. All investigations are conducted with the objective of producing forensically sound findings that can support disciplinary proceedings, civil recovery actions, regulatory investigations, and criminal prosecutions.

We have conducted investigations for the Directorate for Priority Crime Investigation (the Hawks), JSE-listed companies, NYSE-listed S&P 500 corporations, multinational organisations, insurers, banks, and private entities across South Africa and internationally.

Areas of Investigation

01

Financial
Statement Fraud

Kahamelo investigates fraudulent financial reporting, including irregular revenue recognition, manipulation of expenses, non-recognition of liabilities, and improper cash flow presentation intended to mislead financial statement users.

02

Procurement &
Contract Fraud

We examine illicit procurement processes designed to acquire inferior goods, inadequate services, and unjustified contracts, including bid-rigging, supplier collusion, undisclosed conflicts of interest, and inflated pricing.

03

Asset
Misappropriation

Our team uncovers the theft, misuse, or diversion of an organisation’s assets, including cash, inventory, and other resources, by employees, management, or third parties, for personal gain.

04

Corruption
& Bribery

We investigate allegations of corrupt conduct, including bribery, kickbacks, and the abuse of position for personal or third-party gain, to establish how improper payments, gifts or benefits influenced decisions or outcomes.

05

Money
Laundering

We trace and unravel how illicitly obtained funds are moved, layered and disguised to appear legitimate, tracing their flow through bank accounts and shell companies to identify their source and the parties involved.

06

Conflict
of Interest

Our investigations identify undisclosed personal, financial, or business relationships that may have improperly influenced decision-making, procurement outcomes or the allocation of organisational resources.

Relevant Case History

Forensic Investigation of a Fuel Wholesaler
  • Liquidation & Business Rescue

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.
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Independent Financial Assessment of a Road Construction & Rehabilitation Company
  • Liquidation & Business Rescue

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.
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Independent Financial Assessment of a Fuel Supply Company
  • Liquidation & Business Rescue

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.
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Whistleblowing investigation at Kenyan Flower Farm
  • Forensic Investigation

Whistleblowing investigation at Kenyan Flower Farm

In consultation with Castor Vali, Kahamelo conducted a forensic investigation into whistleblowing allegations relating to governance, compliance and employee welfare matters at a Kenyan flower farm owned by a Netherlands-based company.
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  • Other

Forensic Verification of Independent Audit Findings

Kahamelo reviewed and verified the Reportable Irregularities identified by an Auditing Firm based in Eswatini during the audit of a prominent group of companies, as well as whether the correct procedure was followed during the identification and reporting of Reportable Irregularities with reference to the Companies Act of Eswatini, the Accountants Act of Eswatini, the engagement letter, and the International Financial Reporting Standards. The Reportable Irregularities identified concerned the overstatement of investment property value and the overstatement of related party loans.
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  • Liquidation & Business Rescue

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.
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  • Liquidation & Business Rescue

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.
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  • Liquidation & Business Rescue

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.
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  • Liquidation & Business Rescue

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.
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