supervisors and senior management of Lu Thai Textile Co., Ltd. (hereinafter referred to as the
“Company”) hereby guarantee the factuality, accuracy and completeness of the contents of
this Report and its summary, and shall be jointly and severally liable for any
misrepresentations, misleading statements or material omissions therein.
All the Company’s directors have attended the Board meeting for the review of this Report
and its summary.
Accountant, and Zhang Keming, the Company’s Financial Manager hereby guarantee that
the Financial Statements carried in this Report are factual, accurate and complete.
This Report and its summary have been prepared in both Chinese and English. Should there
Ina Opperman Nedbank has stated that its internal and external reviews confirmed that the bank at no time acted unlawfully in its dealings with Regiments or its clients.
Regiments allegedly promoted the Nedbank products to its public sector clients, such as the City of Johannesburg, City of Tshwane and Acsa while it was supposed to offer impartial advice.
The ‘commission’ Regiments received was part of the Nedbank charges and Regiments clients often did not know about it, amaBhungane wrote.
According to amaBhungane, this all started in 2009 when Nedbank and Regiments signed a ‘highly confidential’ agreement called Introduction of Derivative Transactions, that indicated that Nedbank would pay Regiments a fee for bringing it new business and that Regiments would disclose the fee to its clients. The report says Regiments did not disclose this.
State Capture: The case against Nedbank dailymaverick.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymaverick.co.za Daily Mail and Mail on Sunday newspapers.