On Monday, Bosasa announced that the company had been placed under voluntary liquidation following a decision by its bank, Fnb, to shut down its accounts.
On Monday, AGO confirmed that its bankers, Fnb and Absa, had closed its accounts due to "reputational risk".
A security guard montiors ATM's outside a branch of South Africa's First National Bank (Fnb) in Cape Town, South Africa, May 6, 2016.
The move comes after major banks, including Fnb and ABSA, forcibly closed the embattled company’s accounts.
Shivani, 25, a former Miss India SA and a project manager at Fnb, claimed this week that Tevin ended the relationship in December and in January she found out he was being unfaithful.
On Monday, AGO confirmed it had applied for voluntary liquidation after its bankers, Fnb and ABSA, told the company they were closing their accounts due to "reputational risk".
Fnb says it detected abnormally high volumes and disputes of suspicious debit orders in December 2018 and January 2019.
Read: Fnb detected ‘abnormally high’ debit order fraud in December and January
Banks like ABSA and Fnb closed down their accounts on Monday, which was the final chapter for the disgraced institution.
On Monday, Bosasa announced the company had been placed under voluntary liquidation following a decision by its bank, Fnb, to close Bosasa's accounts at the end of February.