The state has provisionally dropped charges against Michael Haldane and Sona Pillay but investors could seek private prosecution

Michael Haldane and Sona Pillay have been implicated in the police investigation into the failed R2.8 billion scheme This content is restricted to registered users and subscribers. Get Your Free Account The Mail & Guardian is committed to providing all our readers with the best possible experience. Please register your free account now. Your registration is your first step to becoming an M&G community member. Register Registration enables: – M&G newsletters access – notifications – the best possible experience Already registered? Login here Want to subscribe and get even more benefits? Explore our subscription offers

But the South African expat listed as a Swiss resident has denied any connection to the company that apparently marketed the alleged ponzi scheme

Investors are worried that as the investigation drags on, their life savings may have been transferred out of reach to offshore companies