Request:
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Financial investigation to identify irregularities in the management of ASL Terre Blanche and extend liability to the parent companies controlling the estate.
Our actions:
- We conducted an investigation into the financial relationships between ASL Terre Blanche and several companies owned by a German billionaire.
- We traced abnormal financial flows (non-compliant with law and statutes), such as undue co-ownership charges benefiting the golf course and hotel, which depleted ASL and led to its judicial liquidation, in a dispute dating back to the 2010s.
Result:
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Outmatch’s report supported a claim to extend cascading liability to the ASL and subsequently to various companies linked to the billionaire, benefiting the client by expanding the insolvency proceedings and holding the dominant entities accountable for the management of the estate.
