… forensic report expected this month

– The over 1 000 emaSwati who lost E340 million after investing in Ecsponent Eswatini have been assured that the report findings of the forensic investigation into their monies will be known soon.

MBABANE

It was stated in the end-of-year communication report prepared for the investors that the long-anticipated forensic investigation into what led to the mismanagement and theft of their investments had finally been instituted. The report mentioned that the Central Bank of Eswatini (CBE) announced the appointment of South Africa’s Cliff Dekker Hofmeyer (CDH) early last month.

“The investigators have reportedly conducted interviews with the relevant stakeholders and are due to present their preliminary report to the Central Bank of Eswatini before the end of the year, reads part of the report.

It was mentioned that the Investor Relations Committee (IRC) was engaged on Friday, November 17, 2023, to provide information for the audit.

It was reported that information on all the 1 138 investors including date of investment, dividends paid (if any), value of investments to date, contract documents and other required pieces of information were obtained from the ESWIG Office.

Meanwhile, the IRC thanked the ESW Board and management for what it termed transparency, accountability and professionalism, while ensuring that a positive outcome was derived from the multiple initiatives launched since mid-2022. Also, the IRC appealed to the investors to note that most of the Board and management in the various companies under ESWIG joined after the monies had been lost.

“Working together with the IRC, these patriotic emaSwati have collectively staked their reputation and integrity to ensure that the investors recover their lost investments and that those responsible are held accountable.

“This is why it is necessary that all the ESWIG stakeholders, investors included, fully support the ongoing efforts so that there is unity of purpose,” it was highlighted.