• Britain’s VISA RevengeOctober 20, 2025
    UK view Boko’s aborted meetings a diplomatic snub: Lukashenko calls Botswanaa good partner Anxiety over Boko, Belarus, a changing Africa: Plans for Botswana–Belarus trade, mining in motion $12 billion Qatari investment, Belarus, Oman emerge as Boko’s fast-growing partners Visa… Read more: Britain’s VISA Revenge
  • Kgalagadi South divides BPFOctober 17, 2025
    Some BPF members support UDC in upcoming by-election ‘UDC focused on retaining the seat, disregard BPF ‘ - Molutsi   BAKANG TIRO RelatedPosts Britain’s VISA Revenge Kgalagadi South divides BPF China woos the world editors@thepatriot.co.bw   Botswana Patriotic Front… Read more: Kgalagadi South divides BPF
  • China woos the worldOctober 17, 2025
    Global players gather for2025 Belt and Road Cooperation Forum China uses forum to showcase capabilities, deepen partnerships DITIRO MOTLHABANE editors@thepatriot.co.bw RelatedPosts Britain’s VISA Revenge Kgalagadi South divides BPF China woos the world   KUNMING, CHINA: Delegates from over 87… Read more: China woos the world
  • Ramoreboli finds positives in lossOctober 17, 2025
    RelatedPosts Britain’s VISA Revenge Kgalagadi South divides BPF China woos the world
  • How Zotus chose Kgalagadi Smart CityOctober 17, 2025
    KITSO RAAMONO editors@thepatriot.co.bw RelatedPosts Britain’s VISA Revenge Kgalagadi South divides BPF China woos the world   After years of exploring different investment destinations across the continent, international investment consortium Zotus Group has chosen Botswana as the home of its… Read more: How Zotus chose Kgalagadi Smart City
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
  • Login
  • Register
Tuesday, October 21, 2025
The Patriot On Sunday
Advertisement
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
Cart / $0.00

No products in the cart.

  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
The Patriot On Sunday
No Result
View All Result

Ram, Farouk score against PwC

Ricardo Kanono by Ricardo Kanono
November 25, 2021
in Business
0
Ram and Farouk

Ram and Farouk

As P450m case proceeds

STAFF WRITER

RelatedPosts

Global Expo 2025, Unveils P680 billionblitz

Banks report P5.98 billion loan defaults

BDC Group revenue surges to P802m

editors@thepatriot.co.bw

Leading Choppies investors Ramachandran Ottapathu and Farouk Ismail have won a crucial victory in their on-going litigation against PriceWaterHouseCoopers Botswana and Binedell Rudi to have them provide further particulars in their response to their initial affidavit.

Justice Boipuso Tshweneyagae ruled today – November 24, 2021 – that “the Defendants shall furnish the Plaintiffs with further particulars on or by the 15th December 2021 as demanded in their application for further and better particulars; The Plaintiffs shall replicate if they so choose to by the 20th January 2022”.  Plaintiffs’ application succeeded with Costs.

Ottapathu and Ismail are demanding P450m compensation from PwC and Rudi for a collapse of Choppies value due to the audit firm’s failure to finalise Choppies annual financial results in 2018 which resulted in the suspension of the retailer by Botswana Stock Exchange (BSE).The two Choppies directors have also accused PwC and Rudi of having demonstrated a lack of independence in executing their mandate, as in the process Rudi sought employment in the company.
The judge was even more scathing against the 2nd Defendant. “The alleged conduct of the 2nd defendant is also an issue/ The allegation that he was not arm’s length in his auditing of the Choppies books as he had been offered a job with significant shareholding as incentive. when this did not materialise, he used his position as the key lead auditor to compromise the publication of the audit report beyond the publication deadline of 30th September 2018,” said the judge.  The directors had declared in suing the company that: “PwC and Binedell usurped the functions of management by insisting on full forensic investigation prior to the conclusion of the audit and by preventing alternatively delaying the conclusion of 2018 audit, they did so in circumstances when they knew or ought reasonably to have known that the exercise of commissioning such audit would be time-consuming and would substantially delay the audit and have dire consequences for the shareholders and specially Ottapathu and Ismail,” said the two directors.

Previous Post

Braintec  aims to be the best in the market

Next Post

New Botswana variant with 32 ‘horrific’ mutations

Related Posts

Global Expo 2025,  Unveils P680 billionblitz
Business

Global Expo 2025, Unveils P680 billionblitz

October 14, 2025
Banks report P5.98 billion loan defaults
Business

Banks report P5.98 billion loan defaults

October 6, 2025
BDC Group revenue surges to P802m
Business

BDC Group revenue surges to P802m

October 6, 2025
Choppies gross profit hits P1.8 billion
Business

Choppies gross profit hits P1.8 billion

October 2, 2025
Tataki mine opens
Business

Tataki mine opens

September 22, 2025
Banks in P90.79 billion household debt
Business

Banks in P90.79 billion household debt

September 13, 2025
Next Post
New Botswana variant with 32 ‘horrific’ mutations

New Botswana variant with 32 'horrific' mutations

  • Britain’s VISA RevengeOctober 20, 2025
    UK view Boko’s aborted meetings a diplomatic snub: Lukashenko calls Botswanaa good partner Anxiety over Boko, Belarus, a changing Africa: Plans for Botswana–Belarus trade, mining in motion $12 billion Qatari investment, Belarus, Oman emerge as Boko’s fast-growing partners Visa… Read more: Britain’s VISA Revenge
  • Kgalagadi South divides BPFOctober 17, 2025
    Some BPF members support UDC in upcoming by-election ‘UDC focused on retaining the seat, disregard BPF ‘ - Molutsi   BAKANG TIRO RelatedPosts Britain’s VISA Revenge Kgalagadi South divides BPF China woos the world editors@thepatriot.co.bw   Botswana Patriotic Front… Read more: Kgalagadi South divides BPF
  • China woos the worldOctober 17, 2025
    Global players gather for2025 Belt and Road Cooperation Forum China uses forum to showcase capabilities, deepen partnerships DITIRO MOTLHABANE editors@thepatriot.co.bw RelatedPosts Britain’s VISA Revenge Kgalagadi South divides BPF China woos the world   KUNMING, CHINA: Delegates from over 87… Read more: China woos the world
  • Ramoreboli finds positives in lossOctober 17, 2025
    RelatedPosts Britain’s VISA Revenge Kgalagadi South divides BPF China woos the world
  • How Zotus chose Kgalagadi Smart CityOctober 17, 2025
    KITSO RAAMONO editors@thepatriot.co.bw RelatedPosts Britain’s VISA Revenge Kgalagadi South divides BPF China woos the world   After years of exploring different investment destinations across the continent, international investment consortium Zotus Group has chosen Botswana as the home of its… Read more: How Zotus chose Kgalagadi Smart City
The Patriot On Sunday

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

Navigate Site

  • About Us
  • Advertise
  • Disclaimer
  • Contact Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Login
  • Sign Up
  • Cart
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?