Accountant faces seven-year ban after helping unlawful investment scheme to raise R70 million
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A Financial Services Tribunal upheld a seven-year ban for a chartered accountant. The individual was involved in marketing and canvassing investments for the Acqumen Fund. This fund was not authorized to provide financial services and raised 70 million rand through an unlawful scheme.
A Financial Services Tribunal has upheld the seven-year debarment of a chartered accountant for marketing and canvassing investments in Acqumen Fund, which was not authorised to provide financial services.