KATOTA - A BETTER LIFE FOR ALL !


KATOTA FRAUD ACCUSATIONS

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No new posts  Global announcement:  Please Ask Us directly any query you have about KATOTA ! 12Admin3366View latest post Sat Nov 12, 2011 5:36 pm
by idabruyns
No new posts   Some years ago Joseph Eshun announced with much fanfare that he wanted to invest around R55bn in the South African property market.More than 100 developers allowed themselves to get sucked into the plans after Katota had more than 500properties evaluated. 0Admin1872View latest post Thu May 17, 2012 1:51 am
by Admin
No new posts   These guarantees were designed to help Katota obtain loans from international banks for its ambitious property projects in South Africa, as well as for projects elsewhere on the continent. 0Admin1070View latest post Thu May 17, 2012 1:47 am
by Admin
No new posts   Theo Ruyter, a senior researcher at ING Netherlands, also notes in an email that the documents are false and their authenticity cannot be verified. 0Admin1033View latest post Thu May 17, 2012 1:40 am
by Admin
No new posts   6) The documents in which Royal Investment Bank is mentioned are fraudulent, writes the bank's chief executive Mohamed Ahmadi. 0Admin1455View latest post Thu May 17, 2012 1:32 am
by Admin
No new posts   The South African developers are meanwhile not only waiting for their money, but they made millions of rands available to Katota to help it obtain financing. They are probably in danger of losing everything. 0Admin841View latest post Thu May 17, 2012 1:29 am
by Admin
No new posts   Three international banks have meanwhile indicated that these bank guarantees are forgeries.The banks,Royal Bank Baku in Azerbeidjan,Royal Investment Bank in Dubai and ING Bank in Amsterdam,said they had severed all business ties with Katota... 0Admin1127View latest post Thu May 17, 2012 1:26 am
by Admin
No new posts   The property developers were assured that funding was on the way. It would have been obtained by means of bank guarantees worth €50bn that a Philippine investor, Dr Eddie Gil, had issued to Katota. 0Admin961View latest post Thu May 17, 2012 1:06 am
by Admin
No new posts   The plans of the controversial Katota Company, which undertook to buy more than 100 South African property developments worth billions, were based on guarantees that now appear to have been falsified. 0Admin1134View latest post Thu May 17, 2012 1:03 am
by Admin
No new posts   A property project which was supposed to be the biggest in South Africa to date is part of an massive global fraud in which falsified bank guarantees worth millions of euros were used.  0Admin779View latest post Thu May 17, 2012 12:51 am
by Admin
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