By Billy Ntaote Last year the MNN Centre for Investigative Journalism reported that a former Lesotho Flour Mills board member had condemned the company’s inability to generate sufficient profits to pay dividends as a deliberate strategy. Ramahoana Matlosa complained that the joint venture between government and the Seaboard Overseas and Trading Group, which holds

. . . as major shareholder is accused of using offshore tax haven, transfer pricing By Billy Ntaote THE main shareholder for the country’s largest milling company, Lesotho Flour Mills (LFM), has been accused of using an offshore tax haven and transfer pricing to avoid paying its partner, the government, dividends over

Sechaba Mokhethi  Lesotho Directorate on Corruption and Economic Offences (DCEO) has slapped former minister of finance ‘Mamphono Khaketla with a corruption charge for the alleged solicitation of M4 million ($302 000) bribe in exchange for a government fleet tender. According to the anti-corruption body, Khaketla, together with her co-accused, Thabo Napo solicited

In August 2014 Lesotho Prime Minister Tom Thabane appointed Atul Gupta as an “economic investment envoy”. Thabane said ANC President Jacob Zuma had introduced him to the Gupta family and he had enlisted them “to help scout for investment” for the country. Now new evidence is emerging that the main

By Billy Ntaote A sub-lease agreement that secured a lavish mansion belonging to the High Court’s judge, Justice Teboho Moiloa, for residential use by her boss, Chief Justice Nthomeng Majara, continues to be operational despite an internal audit draft report that condemned the arrangement in March this year. Compiled by the Ministry