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Author Topic: Kaluworks State Capture or Money Laundering?  (Read 954 times)

Offline gout

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Kaluworks State Capture or Money Laundering?
« on: August 31, 2022, 12:27:05 PM »
Kaluworks looks perfect money laundering vehicle - give it a loan. It pretends to import aluminium then wire the money to Panama. Pretend to go after it, hire receiver manager, then let go. Money is safe offshore accounts as Coop is taken to the cleaners.
https://www.businessdailyafrica.com/bd/corporate/companies/chandaria-gets-back-seized-firm-as-banks-waiver-sh6-billion-3931868
Government, even in its best state, is but a necessary evil; in its worst state, an intolerable one ~ Thomas Paine
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