Herman Pretorius: Court grants sequestration order

1 Aug

Author: Julius Cobbett

Publications: Moneyweb

Date Publiched: 01 August 2012

The RVAF, which owes investors R1.8bn, placed under provisional sequestration.

JOHANNESBURG – The Cape Town High Court has granted an order to sequestrate Herman Pretorius’s scheme. Pretorius was a supposed investment guru who had ran a scheme called the Relative Value Arbitrage Fund. The scheme, which took the form of a trust, had an estimated 3000 investors who are owed about R1.8bn. Pretorius allegedly shot his former business partner and then himself on Thursday last week.

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