PR & Communications News South Africa

Bell Pottinger partners made to pay back millions

#NEWSWATCH: Bell Pottinger - the PR firm that was linked to the Gupta family and that was involved in attacks on Gupta foes and campaigns around "white monopoly capital" - has repaid or promise to repay about R9m in profits its liquidators say they were not entitled to receive.

According to Business Insider, the company left about R130m in unpaid bills behind when it closed down. Its administrators, who couldn't find a willing buyer, have been pursuing the recovery of the money ever since.

The latest report from the administrators shows that 12 former partners have repaid £157,000 (around R3m) of that already – the Financial Times reported this week. Nine more partners have agreed to give back £311,000 (nearly R6m) – but two partners have been unreachable and 17 have not agreed to repay the money.

Although the partners involved are not identified in the report, The Telegraph said James Henderson, who was CEO at the time of the company's liquidation, is "wrangling" over his share worth R7,5m.

Read more here:
Bell Pottinger partners are being forced to repay millions – but its last boss is reportedly fighting back - Business Insider

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