Murray murders: R450m in Investec loans meant for Ghana projects used to fund Singhs' lifestyle
It took just a few hours for Singh siblings Rushil and Nishani to move a $10.7 million loan from their Ghanaian company's bank account to one of their personal accounts – and then just a few hours more to use $1.5 million to buy an ultra-rare McLaren hypercar.
A News24 investigation has revealed how the bulk of more than R550 million in loans from Investec, meant to fund construction projects in Ghana, was used to fund an extravagant lifestyle for the Singhs. On 9 May 2019, Investec paid the $10.7 million to the Stanbic Bank account of Ghana Infrastructure Company , owned by the Singhs' South African company, BIG Business Innovations Group. The money reflected on 10 May 2019.South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism.
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