Embattled union life insurer 3Sixty Life has hit out at the Reserve Bank’s Prudential Authority and the Financial Sector Conduct Authority , accusing them of misleading the court and allowing personal relationships to cloud their judgment in their application for an order of curatorship over the business.
In court papers filed with the Johannesburg high court last week, responding to the PA’s application for the company to be placed under curatorship, 3Sixty’s acting CEO Khandani Msibi has accused both regulators of failing to disclose material facts to the courts that would have negated the need for curatorship...A subscription gives you full digital access to all Sunday Times content.Registered on the BusinessLIVE, Business Day or Financial Mail websites? Sign in with the same details.