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‘Investor’ abandons €500m suit from Eswatini

Friday, July 03, 2026 | 540 Views |

In a dramatic twist to the closely watched EUR500 million legal battle against First National Bank Botswana (FNBB), Alithea Investment (Pty) Ltd has abandoned its High Court application, terminated the services of its Botswana lawyers and says it is now pursuing the matter through international law enforcement agencies.

In an affidavit commissioned in Eswatini on June 30, Alithea director Vinay Roopchand informed the High Court that the company no longer wished to proceed with the application it had initially launched against FNBB.

The latest development comes barely weeks after Alithea secured an interim court order that allowed it to preserve documents and electronic records at the bank's premises as part of its efforts to trace the disputed funds.

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‘Investor’ abandons €500m suit from Eswatini

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