Sexwale 'heritage fund': Bank for International Settlements does not service companies or individuals

  • 📰 SowetanLIVE
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Sexwale claimed in a media briefing last week that funds from a “heritage fund” bank account, of which he was a co-trustee, were looted.

The Bank for International Settlements says it does not provide banking services to individuals or companies. Businessman Tokyo Sexwale claimed last week that a 'heritage fund' bank account, of which he was a co-trustee, was held by the BIS.The Bank for International Settlements says it does not provide financial services to private individuals or companies and that its name, logo and address are misused sometimes in fraudulent schemes.

The BIS was responding to questions posed by the SowetanLIVE's sister publication the Sunday Times on claims made by politician and businessman Tokyo Sexwale last week that there were funds held by BIS which were unlawfully accessed. “The BIS system is accessed inside any bank by very few people, who needed clearance at level seven, to access, to open, to download the funds,” claimed Sexwale.In its response to the Sunday Times, a BIS spokesperson said: “The BIS is an international organisation whose banking services are provided exclusively to central banks and other international organisations.”“In some cases, the BIS’s name, logo and address are misused in fraudulent schemes.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

No downloads eybody😢😢

The funny thing is the RET brigade believe Tokyo 's nonsense. He was scammed mzwandileMasina

It is now getting clear that Tokyo Sexwale has been scammed. I wonder what he is going to say. He will need counselling.

I knew this was bullshit by the fake Japanese🤷🏽‍♂️

Hebanna!! Tokyo😳🤷🏻‍♀️🤣🤣🤣

🤣😂🤣😂🤣😂 the question is, how much was Tokyo scammed off of his Nyuku?

He knows people who know people with Level 7 approval to download money at the BIS🏃🏾‍♂️

Can you please give us the name and position of the person at the 'BIS' that provided you with this information.

how much did you get paid?

Business Business Latest News, Business Business Headlines