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Novabuild Directors Face $76M Debt Claims
Published 3 days, 13 hours ago
Description
Liquidators of collapsed property firm Novabuild are suing two former directors for personally liable over R76 million in debts, accusing them of reckless trading, falsified financial records, and misusing company funds—including paying a director’s wife R3.6 million for personal expenses and selling properties below market value to associates.
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