*****

My business Conference Systems Cape (Pty) Ltd banks with Standard Bank. Recently I took control of the business and am now the sole Director and Shareholder.

I have supp**** Standard Bank with the necessary CIPC documents which they acknowledge receipt of.

My ex Partner was up until this point the Sole Director and along with me a 50% shareholder.

The reason for dissolution of the partnership is that my partner behaved in an erratic manner and in conflict with his fiduciary duties. He allowed the business to trade in an insolvent position.

He raised a significant overdraft which he was the sole surety on. Through the negotiations of the exit of my Partner I offered to take over this surety. The Bank refused saying that with a change of Director the company would have to trade for a minimum of six months before it would be offered a facility. I have a comprehensive trading record with Standard Bank with two other companies banking with them.

He started to transact on the bank account in contravention of the shareholders agreement and signed Bank mandate. I raised this with Standard Bank (Priscilla Naidu & Gamiet Weimars). Their response was as the sole Director he was entitled to to do this.

Even though I am the sole Director and Shareholder they refuse to given me access to the companies bank accounts.

It would seem to be that Ms Naidu and Mr Weimars are aligned with my ex Partner as it is highly likely that charges of ***** against my ex partner will arise after a review of the bank accounts.