Prasad Jayakody

Tax Manager & Forensic Accountant

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Area of Expertise:

Forensic Auditing & Investigations
Tax

Prasad Jayakody is a qualified Chartered Accountant of South Africa, strengthened by additional qualifications in Certified Fraud Examiner (USA) and Chartered Accountant (Australia and New Zealand) having 24 years of invaluable experience in Financial Reporting and Accounting, Due Diligence exercises, Internal and External auditing, Forensic Accounting, and Company Secretariat.

Prasad holds a Chartered Accountant (SA) – CA (SA), Certified Fraud Examiner (USA) – CFE, Chartered Accountant (Australia & New Zealand), Advanced Certificate in Auditing (UJ), Post Graduate Diploma in Accounting (UNISA), Honours Bachelor of Accounting Science (UNISA), Bachelor of Commerce (Acc & Aud) – (UNIWES)

Prasad Jayakody’s impactful transactions

Assisting Auditor General SA with Fraud Risk reviews – 30BZAR;
Tracing of funds in 8 Gupta linked companies under business rescue and to assist with possible liquidation of holding entities 10BZAR;
A Mineral-Loy entity – Prepared expert report on damage quantifications;
An American IT Company – Investigate and assist prosecute company CEO and CFO on reckless trading and Financial Misrepresentation – 1BZAR;
Major mining operation in Limpopo – Investigate and trace loss of funds and reckless trading by directors;
A Global Ponzi Scheme – appointed by the liquidators of the Insolvent Scheme to record all money-flows, identify investors and transaction source mapping – R4BZAR;
A Stock market Ponzi Scheme appointed to record all money flows of numerous investors, identify top scheme beneficiaries and report on planned action for recovery – 500MZAR;
A Construction Holdings – Liquidation of a listed company, appointed by prominent law firm to investigate recovery of funds in the liquidated company and reckless trading allegations against the company’s directors, Reviewed the contents of the company’s computers, books and records, identified undue preference payments and impeachable transactions 100MZAR.
A prominent Private Hospital in Pretoria – Investigate financial loss in their operating divisions, identifying accounting and tax irregularities, prepared expert report to be used in internal hearings;

During my forensic career over the past 13 years, I have gained experience in various jurisdictions, both local and international, as a forensic accountant through the following:

Appointed by the Auditor General South Africa to review Fraud Risk on COVID 19 Relief Fund Initiatives for various government organizations, such as UIF, Dept of Agriculture and Rural Development, Department of Tourism, Compensation Fund, Public Works, PMTE, Dept of Education KZN and WC, City of Cape Town etc;

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