20°C / 22°C
  • Sat
  • 28°C
  • 16°C
  • Sun
  • 25°C
  • 17°C
  • Mon
  • 22°C
  • 12°C
  • Tue
  • 23°C
  • 9°C
  • Wed
  • 23°C
  • 10°C
  • Thu
  • 24°C
  • 10°C
  • Sat
  • 25°C
  • 16°C
  • Sun
  • 22°C
  • 17°C
  • Mon
  • 26°C
  • 16°C
  • Tue
  • 28°C
  • 14°C
  • Wed
  • 33°C
  • 15°C
  • Thu
  • 26°C
  • 16°C
  • Sat
  • 31°C
  • 19°C
  • Sun
  • 26°C
  • 19°C
  • Mon
  • 25°C
  • 13°C
  • Tue
  • 24°C
  • 11°C
  • Wed
  • 25°C
  • 12°C
  • Thu
  • 26°C
  • 12°C
  • Sat
  • 29°C
  • 16°C
  • Sun
  • 25°C
  • 17°C
  • Mon
  • 22°C
  • 12°C
  • Tue
  • 24°C
  • 10°C
  • Wed
  • 25°C
  • 11°C
  • Thu
  • 26°C
  • 13°C
  • Sat
  • 27°C
  • 22°C
  • Sun
  • 30°C
  • 22°C
  • Mon
  • 23°C
  • 17°C
  • Tue
  • 23°C
  • 17°C
  • Wed
  • 25°C
  • 18°C
  • Thu
  • 28°C
  • 19°C
  • Sat
  • 23°C
  • 17°C
  • Sun
  • 23°C
  • 17°C
  • Mon
  • 20°C
  • 15°C
  • Tue
  • 21°C
  • 13°C
  • Wed
  • 24°C
  • 14°C
  • Thu
  • 26°C
  • 16°C
  • Sat
  • 30°C
  • 16°C
  • Sun
  • 26°C
  • 16°C
  • Mon
  • 30°C
  • 15°C
  • Tue
  • 35°C
  • 15°C
  • Wed
  • 39°C
  • 19°C
  • Thu
  • 34°C
  • 19°C
  • Sat
  • 22°C
  • 16°C
  • Sun
  • 21°C
  • 16°C
  • Mon
  • 25°C
  • 15°C
  • Tue
  • 29°C
  • 14°C
  • Wed
  • 29°C
  • 18°C
  • Thu
  • 25°C
  • 18°C
  • Sat
  • 32°C
  • 20°C
  • Sun
  • 29°C
  • 20°C
  • Mon
  • 25°C
  • 16°C
  • Tue
  • 24°C
  • 14°C
  • Wed
  • 24°C
  • 15°C
  • Thu
  • 25°C
  • 14°C
  • Sat
  • 29°C
  • 15°C
  • Sun
  • 25°C
  • 16°C
  • Mon
  • 26°C
  • 14°C
  • Tue
  • 25°C
  • 11°C
  • Wed
  • 27°C
  • 12°C
  • Thu
  • 27°C
  • 12°C
  • Sat
  • 26°C
  • 20°C
  • Sun
  • 29°C
  • 20°C
  • Mon
  • 22°C
  • 14°C
  • Tue
  • 23°C
  • 13°C
  • Wed
  • 23°C
  • 13°C
  • Thu
  • 25°C
  • 12°C
  • Sat
  • 25°C
  • 15°C
  • Sun
  • 24°C
  • 15°C
  • Mon
  • 20°C
  • 13°C
  • Tue
  • 22°C
  • 12°C
  • Wed
  • 28°C
  • 14°C
  • Thu
  • 25°C
  • 18°C

UK bank used to issue funds for Lesotho stadium possibly a scam

Following an expose by Amabhungane, Eyewitness News spoke to Property 2000, which is the South African company that facilitated funding for the deal.

Picture: Wikimedia Commons.

JOHANNESBURG - Eyewitness News can reveal that a United Kingdom bank used to issue proof of funds for the now-cancelled R2.4 billion Lesotho stadium project is not licensed and possibly a scam.

Following an expose by amaBhungane, Eyewitness News spoke to Property 2000, which is the South African company that facilitated funding for the deal.

Its director, Napo Modise, initially insisted the money was available but now said his partners who were apparently overseas were the ones who know about the bank.

When EWN spoke to Modise on Friday, he was confident he had brought a solution for Lesotho to build stadiums.

“I gave them a bank confirmation letter…”

This letter seen by EWN is from the Commercial Development Bank in London, which the Bank of England’s financial conduct authority has cautioned clients against doing business with.

“So, the information you’ve received in terms of this issuance to suggest that they have this money is a scam because this isn’t an authorised firm here in the UK. And they don’t have the correct authorisation to act as a bank.”

Modise has now referred EWN to a Pieter van der Merwe but he too said he had yet to receive an update from his partners who are apparently in Russia.

Lesotho’s government has now cancelled the R2.4 billion guarantees after Property 2000 missed a deadline to issue the funds.

Comments

EWN welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

- Racism (including offensive comments based on ethnicity and nationality)
- Sexism
- Homophobia
- Religious intolerance
- Cyber bullying
- Hate speech
- Derogatory language
- Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the EWN community a safe and welcoming space for all.

EWN reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

EWN is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

comments powered by Disqus