#Article (Archive)

Julbrew Hires South African Auditing Firm to Track Missing Cash

Apr 7, 2008, 8:49 AM | Article By: By Abba A.S Gibba

Blames Babylon Crises on Delay in Court Proceeding

A private South African auditing firm has been hired by Julbrew to audit the company's accounts; this paper has been reliably informed.

According to our sources, it is believed that far more than D2, 645,001.54, the amount stated in the interim audit report, has gone missing at the company's headquarters in Kanifing.

Meanwhile reports reaching this paper have it that Mr. Jusua Wilson Jones, the accountant at Julbrew, has been granted police bail.

Mr. Jones is said to have been granted bail pending an auditing exercise to be carried out by the private South African auditing firm hired to audit the accounts of the company.

Mr Jones was arrested together with junior accountants working with the company, following the reported uncovering of a large scale fraud at the company's headquarters in Kanifing two weeks ago.