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SARB denies sending an official to Singapore to verify Spiritual White Boy Trust Fund's existence - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.


27 April 2021, 9:10 PM
 | 
Glorious Sefako-Musi  | 
@SABCNews
Image: ReutersIn the Steinhoff saga, R21 billion of public funds were squandered and no arrests have yet been made.
The Reserve Bank has denied that any of its officials travelled to Singapore in 2016 to verify the existence of the Spiritual White Boy Trust Fund.
In a letter, said to be from Leong Chark Boey, who claims to be the proxy of the White Spiritual Boy Trust and Spiritual Wonder Boy Trust, the writer claims the Reserve Bank’s Leon Myburg travelled to Singapore to verify the funds – said to be deposited at the Reserve Bank.

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