20/2/2017/Reuters South Africa’s Competition Commission has fined the local arm of Citigroup 69.5 million rand ($5.3 million) for its role in a foreign currency trading cartel, the regulator said on Monday. The Competition Commission said last week that it had found that traders at more than a dozen local and […]
Frauds & Scandals
South Africa’s Zuma says govt will act against banks accused of forex rigging
Jacob Zuma, South African President Photo Credit:The National Interest 16/2/2017/Reuters South Africa’s President Jacob Zuma told parliament on Thursday the government would come down hard on the local banks accused in a report by the competition watchdog of rigging the rand currency. “This matter is still under investigation… government is […]
SEC Alerts on Conviction of Moses Samanja Illegal Operator “Marian Moses Ventures Ltd”
February 16, 2017/SEC Management of the Securities and Exchange Commission wishes to draw the attention of the investing public to the Judgment of the Federal High Court Kaduna division of October 27, 2016, which handed down a 5year imprisonment term against one Moses Samanja the Managing Director of the Illegal […]
