The allegation that major banks colluded to manipulate and fix the exchange rate is extremely disturbing. This is financial treason and economic sabotage.
They impoverished an emerging democracy and distorted economic growth. They have since 2007 made billions of rand in illegal profits. How can such an enormous and monstrous crime go undetected by treasury and the Reserve Bank?
Evidence exists that local and other large banks were involved in a scheme to manipulate a key interest rate index, thereby cheating investors on a global scale.
Farouk Araie, Joburg
