Cape Town Aerios, the company at the centre of a multimillion-rand advertising rights dispute with WP Rugby, say they have laid fraud-related charges against its board of directors over alleged non-presentation of the liquidated professional arms statement of affairs.
Included are two directors of Remgro, the investment company which had a 24.9 percent stake-holding in the WP business wing until it announced its withdrawal of financial support in early August.
They say the charge affects all WP directors active in the year leading up the liquidation late last year, whether they resigned in the interim or not.
But Remgro CEO Jannie Durand said on Tuesday that Aerioss allegations were unfounded.
A Section 417 inquiry into the bankruptcy is on…
Read the full article at: http://www.sport24.co.za/Rugby/feuding-partner-lays-charges-against-wp-rugby-20170919