KATOTA - A BETTER LIFE FOR ALL !


    A property project which was supposed to be the biggest in South Africa to date is part of an massive global fraud in which falsified bank guarantees worth millions of euros were used.

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    Join date : 2011-10-12

    A property project which was supposed to be the biggest in South Africa to date is part of an massive global fraud in which falsified bank guarantees worth millions of euros were used.

    Post  Admin on Thu May 17, 2012 12:51 am

    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.

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