No Katota company is a part of any massive global fraud that involves any bank guarantee. At this stage there is no Katota company that is a bank to issue a bank guarantee; whether false or good. Bank guarantees are bank instrument, exchanged from one bank to the other, not corporate instrument. This allegation is totally unfounded and rejected. The Katota Program is the most comprehensive private Africa-focused development program ever initiated. Katota will contribute meaningfully to Africa’s development effort.