17 October 2011 ESTATE AGENCY AFFAIRS BOARD INSTITUTES ACTION AGAINST GAVIN WRIGHT PROPERTY TEAM CC AND MR GAVIN ELISON WRIGHT IN CAPE TOWN

IMMEDIATE RELEASE
17 October 2011

 

ESTATE AGENCY AFFAIRS BOARD INSTITUTES ACTION AGAINST GAVIN WRIGHT PROPERTY TEAM CC AND MR GAVIN ELISON WRIGHT IN CAPE TOWN

The Estate Agency Affairs Board, represented by A. B. Scarrott Attorneys, has instituted an application in the Western Cape High Court, Cape Town, against Gavin Wright Property Team CC and Mr Gavin Elison Wright.

The application claims the following relief on an urgent basis:

  1. Withdrawing the Fidelity Fund Certificate issued to Gavin Wright Property Team CC and Gavin Elison Wright;
  2. Interdicting Gavin Wright Property Team CC and Gavin Elison Wright from carrying on any business as estate agents for so long as they do not hold a valid Fidelity Fund Certificate;
  3. Appointing a curator bonis, to administer and control the trust account of Gavin Wright Property Team CC;
  4. Claiming costs on a punitive scale from Gavin Wright Property Team CC and Gavin Elison Wright;

The institution of the application follows the contention of the misappropriation of trust funds in Gavin Wright Property Team CC, previously trading as Leapfrog – City Bowl and Atlantic Seaboard.

The Estate Agency Affairs Board can provide no further comment at this time as the matter is sub judice but will provide a further press release after the matter has been heard in open court.  The hearing is scheduled to take place in the Western Cape High Court in Cape Town on 17 October 2011 in the event that the matter is unopposed or 28 November 2011 in the event that the matter is opposed.

Ends/

 

For all media enquiries:

Margie Campbell

Estate Agency Affairs Board

Acting Head Marketing and Communications

Tel: 011 731 5633

Email: Margie@eaab.org.za

Fax: 0865 403 663


 

  



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