‘Racketeering’
A former operator of the now defunct Johannesburg-based multimillion aircraft company has shared his experience of what it is like to have his business run into the ground by banks who allegedly colluded to deceive him and destroy his legacy.
Bret Lang accused five banks, Nedbank, Standard Bank, ABSA, Wesbank, and Investec, of having committed racketeering by allegedly orchestrating the collapse of his R600 million debt-ridden business 14 years ago.
If charged and prosecuted successfully, according to Lang, the banks might be fined R1 billion or their senior managers sentenced to life imprisonment. In a letter he wrote
