Nedbank has denied any wrongdoing following recommendations by the state capture inquiry that it investigate employees for their alleged role in a corrupt contract. The contract involved the Airports Company SA and the Gupta-linked Regiments Capital.
The commission found that Nedbank and Standard Bank both had separate interest rate swap contracts with Acsa.
Those were negotiated via Regiments which earned millions by providing advisory services to Acsa for the contracts.
It recommended that law enforcement agencies investigate two Nedbank dealers involved in the contracts.
Source: eNCA
In other news – Fashion trends making a comeback in 2022
What does 2022 have in store for fashion? According to trendsetters, we can expect to see a lot of nostalgic style moments make a return.
If you’re a fan of 80’s, 90s and even 00s fashion fads, then you’ll be in for a treat with all the baggy, skimpy and chunky looks on offer. Learn more
