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It took just a few hours for Singh siblings Rushil and Nishani to move a $10.7 million loan from their Ghanaian company's bank account to one of their personal accounts – and then just a few hours more to use $1.5 million to buy an ultra-rare McLaren hypercar.
A News24 investigation has revealed how the bulk of more than R550 million in loans from Investec, meant to fund construction projects in Ghana, was used to fund an extravagant lifestyle for the Singhs.
On 9 May 2019, Investec paid the $10.7 million (R153 million at 2019 exchange rates) to the Stanbic Bank account of Ghana Infrastructure Company (GIC), owned by the Singhs' South African company, BIG Business Innovations Group. The money reflected on 10 May 2019.
