JOHANNESBURG – Absa Bank has applied for the liquidation of former Steinhoff CEO Markus Joostes Mayfair Speculators, the company that, until this week owned South Africas best racehorse, Legal Eagle, as well as hundreds of other racehorses, a property portfolio and a chunk of Steinhoff shares.
READ: Steinhoff shares plunge 60% after CEO quits
Absa has also demanded an investigation into a suspicious transaction that saw Mayfair move R1.5 billion of assets to its holding company in August this year.
This was just months before significant financial irregularities hit the headlines, causing one of the largest ever corporate implosions in South Africa.
The liquidation hearing is due to be held on Friday, and Mayfair has not y…
Read the full article at: https://www.enca.com/money/absa-want-jooste-company-liquidated
