This article has been updated since it was first published. The earlier article had been based on misinformation from a source with interest in the business rescue process, who preferred to remain anonymous, stating that Akash Garg was a part of Templar. Similar reports had also been made in other media. Following a request for a right of reply from Daniel McGowan, City Press has established that the claim that Garg was a director in Templar could not be substantiated. We apologise to Templar, Mr McGowan and any other party who would have been inconvenienced by the reportage.