John Fernandes Limited (JFL) yesterday said that its $20m down payment in a now aborted land sale at Beterverwagting (BV) was refunded by a real estate agent who is seeking to have the deal go through against the wishes of the Neighbourhood Democratic Council (NDC) in the area.
In a statement, JFL was explaining why it had returned the $20m down payment which had been transmitted to it by the BV/Triumph NDC.
“On Friday 30th September, JFL received a cheque from the NDC that corresponded to the deposit made when the agreement was signed. On that same day an article was carried in the news indicating that the NDC had refunded JFL its deposit for the sale of the land. JFL however was not in a position to legitimately accept any refund as that would have resulted in the company collecting the deposit twice”, JFL said, adverting to its decision to accept a refund of the down payment from Mohamed and Sons and Daughters, Trading, Mining, Logging and Construction Inc ( MSDTMLC).
