Forced leave for LNDC top brass

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MASERU — The Lesotho National Development Corporation (LNDC) board this week sent all members of the executive committee that comprise of heads of divisions on special leave to pave way for a forensic audit.

The special leave for the LNDC top brass started on Monday and will last for eight weeks.

“The management of LNDC wishes to emphasise that the corporation will continue to operate and function as normal without any disruptions during this audit,” a statement from the LNDC said.

This is the first time that the entire management has been forced to go home during an audit since the LNDC was established in 1967.

The LNDC is a parastatal that owns industrial properties in Ha-Nyenye and Maputsoe in Leribe, Maseru West, Thetsane Industrial Area in Maseru and Mohale’s Hoek.

The LNDC is also tasked with assisting potential investors to establish businesses in Lesotho.

It also helps investors acquire visas, residence permits and work permits.

The corporation also helps investors access utilities such as electricity, water and telecommunications.

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