Lonehill boys take Absa for R1.1bn


Lonehill boys take Absa for R1.1bn

Hard to believe – but early last year ABSA Commercial Property Finance rushed to lend Joburg’s notorious Theodosiou brothers close on R900m, secured by bonds registered on their various illegally-built shopping malls! Absolutely predictably, the bank hasn’t received a bean in interest or monthly repayments since.  By the time you read this it will be R970m.

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Submitted by : FD Rencken on 2008-12-30 20:28:03
Their dealings at Kyalami seem similarly frightening...

Dieter Rencken

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