Business Rescue Practitioner – Harold Cesman

CRA Market News – South Africa

Danmar Autobody and its erstwhile directors get a serious panel beating in court papers. Corruption and theft are said to have destroyed the firm chaired by Nelson Mandela’s eldest daughter, leaving 200 workers destitute and threatening to kill.

Business rescue practitioners of well-known Gauteng panel beating company Danmar Autobody claim criminal mismanagement, fraud, theft and tax evasion by the CEO and majority shareholder have seen the company put into business rescue and headed for liquidation.

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