IT HAS COME TO THE ATTENTION OF THE CENTRAL BANK OF LESOTHO THAT MEMBERS OF THE PUBLIC CONTINUE TO INVEST SUBSTANTIAL SUMS OF MONEY WITH UNLICESED INSTITUTIONS OR PERSONS.  THIS PRACTICE IS UNACCEPTABLE AND THE PUBLIC IS ADVISED TO DESIST FROM DEPOSITING MONEY IN SUCH INSTITUTIONS.  IT HAS FURTHER BEEN NOTED THAT, SOME OF THESE UNSCRUPULOUS INSTITUTIONS REFER THE SAID INVESTORS TO THE CENTRAL BANK OF LESOTHO FOR REPAYMENT OF THEIR INVESTMENTS.

THE FOLLOWING ARE EXAMPLES OF SUCH INSTITUTIONS:

·       LETSETE INVESTMENT (Pty) Ltd.

·       BLACK POINT (Pty) Ltd.

MEMBERS OF THE PUBLIC ARE ADVISED THAT IT IS THE RESPONSIBILITY  OF THE CENTRAL BANK OF LESOTHO TO REGISTER, LICENSE AND SUPERVISE FINANCIAL INSTITUTIONS IN ORDER TO PROTECT PEOPLE AGAINST THE RISK OF ILLEGAL DEPOSIT-TAKING SCHEMES IN THE COUNTRY.  THE PUBLIC IS, THEREFORE, ENCOUNRAGED TO FIRST ENQUIRE FROM THE INSTITUTIONS OR THE CENTRAL BANK OF LESOTHO BEFORE ENGAGING IN FINANCIAL TRANSACTIONS WITH THE SAID INSTITUTIONS OR PERSONS, THEIR REGISTRATION POSITION.  THE LAW REQUIRES LICENSED INSTITUTIONS OR PERSONS TO DISPLAY THEIR LICENSES WHICH HAVE BEEN ISSUED BY THE CENTRAL BANK OF LESOTHO.

Public Relations Division - 2009 - 02 - 18