Capitec ‘hit squad’ scored millions – and is getting away with it

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Short sellers that targetted Capitec and other South African companies dodge a massive fine.

took action against the group

The Tribunal said that it was clear that “Viceroy did not prepare the Wolf report for altruistic reasons”. “In addition, Oasis would, on a yearly basis, pay Viceroy 12.5% of the net profit it made in the particular year on trades based on Viceroy’s reports.” In its appeal, Viceroy argued that its actions were not committed in South Africa – and the partners themselves are not citizens of South Africa: Perring is a British citizen whose domicile is in the USA and Lau and Bernarde are Australian citizens domiciled in Australia – so the FSCA has no jurisdiction over them.

 

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...ah, but, as foreign nationals they have commited international financial criminal acts, defamation without substantiation and should be taken to the cleaners just on that basis. Financial sabotage requires equal kill order, no matter where you may be in the world. No immunity.

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