Oct 17 2008
Hersov’s headaces heap
Robert Hersov, London-based member of the Hersov family * of Anglovaal fame, is facing a court order to compensate a German bank for losses suffered with share transactions totalling €234 million, reported Financial Times Deutschland (FTD) yesterday. Should the court decide in favour of the bank, Hersov might have to cough up over €100 million (R1,3 billion at today’s exchange rate). [Read on]