Damning liquidator's report for Flying King
Damning liquidator’s report for Flying King MASERU – A liquidator’s report has revealed how Flying King, the troubled vehicle clearing agent, was allegedly looted by senior managers. The report, sent to creditors on May 5, also shows that the managers were not paying tax on imported vehicles despite collecting such from clients. The once-popular clearing agency collapsed last year following a bitter dispute between shareholders. Pillay Kuben, a South African businessman who owns 51 percent of the company, says Joel Mohale and Donald Monethi, the local directors and shareholders, misused...
Source: thepost.co.ls