Banksters Feel The Heat In South Africa

BANKSTERS FEEL THE HEAT
We have struck the first REAL blow to the CRIMINAL Banksters in South Africa. Well done to Scott Cundill and the NEW ERA team – and Raymondt Dicks, our legal adviser for continuous perseverance against an obvious unjust court system – corrupt judges and lawyers, who are paid millions to uphold the criminal activity of the banks – supported by a corrupt government. Let this be the beginning of the fall of the banking elite.

Finally after nearly three years of legal action against the unlawful and corrupt banks in South Africa, supported by corrupt judges and unscrupulous lawyers and advocates, a small breakthroug has presented itself because of the greed and arrogance of a bank, and the unintentional statement by the judge. We finally have a real opportunity to undo the unlawful judgements of the past and launch multiple criminal charges.

This is what Scott Cundil, founder of NewERA (New Economic Rights Alliance www.newera.org.za) has to say about the judgement.

“Investec Bank may have just made a monumental legal blunder. Criminal action could be coming not just to their bank, but to all South African banks.

Senior Counsel for Investec, Dianne Fisher SC, specified in her heads of argument against NewERA that the Special Purpose Vehicles (SPV’s) used in the securitisation process are “subsidiaries” of the bank. This point was argued in the High Court and, by divine right timing and divine right order, presiding Judge Baqwa confirmed this in his judgment.

Justice Selby Baqwa served on the Board of Directors of both Nedcor and Peoples Bank and he serves on the South African Reserve Bank’s Standing Committee for the Revision of the Banks Act. He knows banking inside out.

It is therefore confirmed, in the banks own words and by a High Court Judge, that banks own more than 51% of their SPV’s. They are supposed to be remote entities totally separate from the bank! Serious laws and compliance regulations have undoubtedly been broken, not least being the misrepresentation of the bank’s financial statements.

Hundreds of thousands of people are financially destitute because of monumental banking greed. When will the people stand up to them?”

Please read the full press release on the official website that publishes court documents and judgements from South African courts. Click HERE or the link below.

http://news.acts.co.za/blog/2013/05/judgement-opens-a-world-of-trouble-for-sa-banks

Love and light

Michael of the family Tellinger

www.ubuntuparty.org.za