John Fernandes Limited (JFL) has declined to accept a refund cheque from the Beterverwagting/ Triumph Neighbourhood Democratic Council (NDC) which was a down payment for the sale of 143 acres of land which the NDC wants to repudiate.
In declining the refund cheque for $20m, JFL noted that it has transferred its interest in the matter to Mohamed’s Sons and Daughters Trading, Mining, Logging and Construction Inc (MSDTMLC). The latter company has been pressing the NDC to complete the deal but the NDC had been hoping that its refund to JFL would bring the matter to an end. That is however not the case.
MSDTMLC has taken the NDC to court in a bid to secure the 143 acres some of which is owned by villagers.