Top law firm Edward Nathan Sonnenbergs (ENS) has denied it advised EOH to round-trip R140 million.
EOH finds itself in the middle of a Hawks probe into the interaction between EOH and its subsidiary, Mehleketo, in the days prior to ENS launching liquidation proceedings against Mehleketo.
In November last year, The Star broke the story of EOH’s suspicious conduct. In the week before, ENS, which advised EOH, applied for the liquidation of Mehleketo, EOH paid R140m to Mehleketo, and Mehleketo paid the money back immediately.
When Stephen van Coller, CEO of EOH, was asked about this, he said it was a balance sheet consolidation of inter-company loans, and that the series of transfers were proceeded with after receiving legal advice from EOH’s lawyers, ENSAfrica.
Van Coller also said that “EOH…