Identity Fund Managers says the allegations levelled against it and founder Sonja de Bruyn by a group of former Dimension Data executives are false and defamatory.
Dimension Data co-founders and executives Jeremy Ord, Grant Bodley, Saki Missaikos, Steven Nathan, and Doc Watson are accused of orchestrating a “brazen and dishonest” BEE deal.
While the five men have appealed the ruling, they said that Nippon Telegraph and Telephone and its advisors have seen fit to advance their case outside of court. They also alleged that Identity Partners still had about R5 million that was misappropriated from the Fund in 2022. De Bruyn and Identity Fund Managers denied the former executives’ allegations in the strongest terms.
This account had been dormant and should have been under the control of whoever their new fund manager would be. “Their lawyers have never responded to these correspondences, nor to the receipt of full bank statements for the period,” Identity said. The executives also said that Steven Nathan informed Sonja de Bruyn of their financial interest in the Campus transaction, which Identity Fund Managers denied.
It stated: “Nathan was playing a double game and keeping the identity of the investors secret is without any doubt and cannot but be accepted by this Court in light of these exchanges”.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Former Dimension Data founders and executives accused of fraud hit backFormer Dimension Data founders and executives Jeremy Ord, Grant Bodley, Saki Missaikos, Steven Nathan, and Doc Watson have taken aim at NTT and the BEE partners they worked with on the Campus transaction.
Read more »
Former Dimension Data execs accuse NTT of smear tacticsFive former executives have hit back at “false claims” that they engaged in BEE fronting and improper conduct.
Read more »
'Baseless and malicious': Sonja De Bruyn fires back in Dimension Data feudSonja De Bruyn has lashed out at former Dimension Data executives over an allegation that her company misappropriated R5-million related to the sale of The Campus.
Read more »
Data Engineer / Data ScientistIT Industry News. Daily.
Read more »
Data Engineer / Data Scientist - Gauteng Johannesburg RegionIT Industry News. Daily.
Read more »
Standard Bank CEO’s message about BEE, and South Africa eight weeks in Eskom danger zoneHere are five important things happening in South Africa on Monday, 7 July 2025.
Read more »