People & News

Attorneys estate to be liquidated

ABSA bank has approached the Cape High Court to have the estate of prominent Athlone attorney Mohamed Rafiq Koorowlay sequestrated after it had received from clients that his firm, which had been appointed to register mortgage bonds, had failed to account for the proceeds from the bonds to them. Koorowlay estate has assets of R1.275 million but his liabilities amount to more than R8.5 million.

The complaints started in March, and in April attorneys acting for the Cape Law Society were trying to find him after he failed to submit his audit report in August last year. The society obtained an interdict prohibiting him from practising as an attorney on 5 April. He was admitted as an attorney in 1998 and as a conveyancer in 1999, and has received treatment for a crack cocaine addiction.

Cape Times (subscription needed)
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