Forex trading cartel
BEE group seeks access to details of forex fixing scandal probe
The Black Empowerment Foundation says it hopes by laying criminal charges against the banks involved in alleged forex fixing it will force more details to come to light.
The Competition Commission will be informed by the Competition Tribunal as to what further action can be taken against the banks.121 days ago
The Competition Commissioner says the investigation has now been referred to the Competition Tribunal with Citibank and Absa expected to testify as witnesses.121 days ago
The commission found that 18 financial institutions have been involved in manipulating the rand/dollar exchange rate.122 days ago