Moneyweb’s Ryk van Niekerk has posted an article on Debenture Trustee JP Tromp’s complaint to IRBA regarding the Nova auditors, ARC Inc

Read here:

www.moneyweb.co.za/news/companies-and-deals/novas-auditors-accused-o f-failing-to-flag-companies-act-breaches/

Tromp has responded via his Debentures related WhatsApp group as follows:

>>>> Dear Debenture Holder / Interested Party
I trust this message finds you well.
I wish to bring to your attention an article published this morning on Moneyweb
Worth noting, the article reports that the external auditors are considering legal action against me for putting the reasons for my complaint in the public domain. I can confirm that I have received an email from the auditors informing me of a legal process they have initiated.
As Trustee, I always consider the implications of any information I publish on my website. The same applied to the Memorandum relating to the official complaint I lodged with the IRBA.
Regardless of any potential adverse legal consequences on me as Trustee, I will continue to do what is right and communicate the true facts to the Debenture Holders. Whether I am sued for defamation or not, which now appears likely, this will not deter me from exposing the truth.
I have both a statutory and fiduciary obligation to act in the best interests of the Debenture Holders – and I will continue to do so, regardless of any consequences.
Kind regards
JP Tromp In my capacity as Trustee of the Debenture Trust