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PRESS RELEASE:  MILLENNIUM GOAL SOCIETY

IMPORTANT NOTICE OF VERIFICATION FOR ALL INVESTORS OF MILLENNIUM GOAL SOCIETY

The public will recall that on 27 November 2007 the High Court in Maseru authorised an investigation in order to establish, amongst other things, the identities of all persons who have invested money with Millennium Goal Society, and the amount of such investments.  It will also be recalled that on the 19th May, 2008, the Court further ruled or directed that the CBL should publish the record of its findings in order to give the investors an opportunity to verify their names and amounts. 

The public is therefore notified that the Central Bank of Lesotho, through PricewaterhouseCoopers (PwC) has prepared a record of the names of investors, according to the records of Millennium Goal Society, together with the amount of their invest­ments. 

At this stage, Investors in Millennium Goal Society will be given an opportunity to verify that their investments have been accurately recorded.  This is done to ensure that the rights of investors are protected in the event of the Court ordering that the investors should be paid from the funds which Millennium Goal Society have available. 

Investors are therefore invited to present themselves to PriceWaterHouseCoopers (PwC) at any one of the following venues on the dates detailed below, in order to verify their claims on names and values:

Town

Venue

Date

Time

Maseru

Lesotho National

Convention Centre

30 June 2008

01 July 2008

02 July 2008

03 July 2008

09:00 – 17:00

08:00 – 17:00

08:00 – 17:00

08:00 – 17:00

Maputsoe

Sekekete Hotel

07 July 2008

08 July 2008

09 July 2008

10 July 2008

11 July 2008

10:00 – 17:00

08:00 – 17:00

08:00 – 17:00

08:00 – 17:00

08:00 – 11:00

Butha Buthe

Butha-Buthe Lesotho Evangelic Church

14 July 2008

15 July 2008

10:00 – 17:00

08:00 – 17:00

Mokhotlong

Senqu Hotel

16 July 2008

17 July 2008

13:00 – 17:00

08:00 – 17:00

Ha Lejone

Umbrella Guest House

21 July 2008

22 July 2008

13:00 – 17:00

09:00 – 17:00

Thaba-Tseka

Mountain Star Lodge

22 July 2008

09:00 – 14:00

Quthing

Orange River Lodge

24 July 2008

11:00 – 14:00

Mafeteng

Mafeteng Hotel

28 July 2008

29 July 2008

10:00 – 17:00

08:00 – 17:00

They will be required to hand over to PwC an original document evidencing the investment and original receipts relating to all payments made by them to Millennium Goal Society.

They will also be required to supply PwC with proof of their identity (using the normal means of identification which include the passport, drivers’ license, etc.) and their bank details, including the name of the Bank, the name of the branch, the account name and the account number.

Investors will be given a receipt for all documents which they hand over to PwC.  Since it will not be possible to provide investors with copies of their original documents, those who require copies must make their own copies in advance.

Date:  10th June 2008

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