Financial Crimes Inc: The case against Insure Group Managers

The exact nature of the alleged crimes perpetrated at Insure Group Managers when its directors misappropriated R1.7-bn in premium funds — from which it bought wonky assets and paid about R160-million in dividends to owners Charl Cilliers and Diane Burns — has been detailed in a reportable irregularities report and several affidavits submitted to the Hawks.