Gloves off in battle over Lerala Mine :: Mmegi Online

Alex Alexander, the sole director of the company which owned Lerala Diamond Mine, has filed a P347 million claim for loans allegedly made to the Tswapong operation, a move that liquidators of the mothballed mine have challenged.

According to documents accessed from the High Court, the liquidators have said no proof exists that Mantle Diamonds, a UK-based entity that wholly owned Lerala, made any loans of that nature to the Tswapong operation before its inglorious closure in May last year. Kimberly Diamonds, in which Alexander is a principal shareholder, wholly owns Mantle Diamonds. Kimberly Diamonds is also in liquidation in its home country of Australia.

According to the documents, the Master of the High Court is set to officially oppose the P347 million as investigations have not proven that any amount of that nature was loaned to Lerala.

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