Pretoria lawyers fight Nedbank over R26m


On balance it is not clear that Nedbank is entitled to any money at all.

Findlay & Niemeyer is bracing itself for a battle against Nedbank that will mean liquidation if it loses. And a secret forensic report could turn out to be a smoking gun.

Now Nedbank has filed a provisional claim to recover the R26m from the Attorneys’ Fidelity Fund, which exists to protect the public against theft of attorneys’ trust money – but the fund has responded that Nedbank’s claim would be considered only after all legal avenues have been exhausted.

 

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Submitted by : KARABO MOLEYA of BENMORE on 2009-02-12 17:05:27
John Price is quoted above as saying “most of the money was in fact stolen from our trust account. The money was ours and it seems probable that Nedbank owes money to us!”

Money in an attorney's trust account is not the attorneys' money. It belongs to the person on whose behalf the attorneys hold it in trust.

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