Investec's multi-billion rand pension rip-off

Issue #102, 1st April 2008


Investec's multi-billion rand pension rip-off

Directors 'assumed' thousands of elderly were dead - so they could grab their cash.

The banking group is confident it will succeed in making the pensions fund case go away by throwing enough lawyers at the problem.

The claims, which already totalled R1,5bn in 2004, will, with interest, in all probability total many billions by the time the cases are concluded.

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Reader's comments

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Submitted by : Toni on 2008-04-17 15:02:01
Investec acting true to character?
 
Submitted by : Nicci on 2008-04-08 15:33:37
Hallo there, what an interesting read! Now I wonder what explanation will come out after this.

Editor's Note
Yes indeed !

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