DID CENTRAL BANK STEAL PUBLICLY FROM THE PEOPLE?

Sir,

Thank you for allowing me space to just briefly address an issue that is painful and forced to fade out of people’s memories by the highest financial institution in the country. Over three years ago, the Central Bank of Swaziland initiated an imperative shutdown of illegal financial schemes in the country.

These included the shutdown of Channel S Club and CDT Diamond Africa schemes, among others. The bank, through Pricewaterhouse Coopers, dissolved the operations of CDT and people were required to register so that at the end of the dissolution exercise, people could be given whatever remnants of their investments. We have kept those papers and I wouldn’t be surprised if some of us have lost them, as we have already lost hope in the whole exercise. The bank has on numerous occasions used the pretext of ‘matter pending in court’ to avoid giving a clear direction on whether people will get their monies or not. This has been forced to die a natural death.

Illegal scheme, yes it could have been, and it was speedily arrested by the relevant institution. But by the look of things, the very relevant institution that has the obligation to restore public confidence and resolve the matter fully, has turned into a thief who arrested another thief, only to keep the gains for itself.

The bank can justify the delay in disbursing the people’s monies all it can, but the writing is on the wall that something is dodgy here.
Will the money accumulate interest? What will happen to those who die while awaiting the reimbursement of their remnants? Why is there no transparent progress? Where is the money kept now?

Poor Swazis who had believed that the scheme was a viable option out of poverty other than growing dagga are now left with regret and despair.
It wouldn’t be surprising if, even now in 2016, they will still use the over three years excuse for this impasse. Can the bank just give back the people’s money please.

 Concerned citizen  
 

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