ABSAlutely shocking

ABSAlutely shocking

South African-born financier and diamond dealer Leonard Himelsein, long resident in California, has issued summons in the US against Absa Bank Ltd, in which he is suing for damages “in excess of” $20 million (more than R82m) for fraud.

In the summons particulars Himelsein says he was persuaded in 2006 to invest in a luxury hotel development which was to become the five-star, 15 on Orange in Cape Town.

Like to see more ?

Subscribe to our on-line edition !

For a mere R305.00 per year you get the convenience of our online version including:
  • Twelve monthly issues of Noseweek delivered to your browser
  • A searchable archive
  • Access to every back issue since 1993 !
  • A downloadable PDF version

If it’s just the article you are after, you can purchase it by clicking here.

Tempted ?

For a taste of what awaits you, you are welcome to browse this free issue.

Share this article:

Reader's comments

Like to add your own comment ? Please click here to subscribe - OR -
Submitted by : Lubbe Viljoen of Stellenbosch on 2013-05-28 09:52:31
ABSA and Tukkies in the same issue of Noseweek? Coincidence? I remember the big ABSA logo on the back of my student card...
Submitted by : Grant Turnbull of Johannesburg on 2013-05-24 09:58:58
ABSA continue to cover themselves in Glory - cant see how anybody does business with a pit of rattlesnakes.
Submitted by : of Johannesburg on 2013-05-24 09:48:17
We have an identical case with RMB in 2 projects. One of the Main question why were banks as Absa, Rmb and NEDBANK so greedy to participate in Projects and misleading people by promising the input of their experiences and guaranteeing the funding of the projects. And 2 to 3 years later. They pulled out without disclosing why they pulled out.


While every reasonable effort is taken to ensure the accuracy and soundness of the contents of this publication, neither the authors nor the publishers of this website bear any responsibility for the consequences of any actions based on the information contained therein.

Important information regarding cookies
By using this website, you consent to the use of cookies in accordance with our Privacy Policy.