LMPS in a Dodgy Deal with Mergence

Lesotho Tribune can exclusively reveal that the Lesotho Mounted Police Service (LMPS) entered into a secret and highly irregular Memorandum of Understanding (MoU) with Mergence Investment Managers Lesotho, a company recently flagged by the Public Accounts Committee (PAC) for questionable dealings. The MoU, signed without proper authorization or legal clearances, effectively tied LMPS to a commercial development scheme on police-owned land, with LMPS providing land while Mergence would raise capital and run a retail shopping complex.. The MoU That Should…Continue reading with a subscriptionSubscribe for full access to every story.Subscribe - M85/monthAlready a subscriber? Sign in Advertisement ...