Praesidium and Imagina FX were placed in liquidation last year after clients’ demands for refunds went unanswered.
Pretoria High Court skips the provisional step and jumps straight to final liquidation for the first MTI-linked organisation to fall. More are expected.
Have until March 1 to prepare a report before final liquidation order can be granted.
It was responsible for funnelling clients to Mirror Trading International, now in provisional liquidation.
MTI’s collapse under suspicion of fraud is attracting heavyweight international law enforcement attention.