******* AND **********

**** WARNING!!!!!

I am the CEO of Trading 4 U 2 (Pty) Ltd situated in South Africa. We have engaged business with Global Finance Capital, Limited in Hong Kong to obtain a Loan in the amount of $9Million to fund our project in South Africa. On submission of our application and our business plan they approved a loan of $9mill on the conditions that we make payment towards their Collateral in the form of a BG. They have quoted us $122 000 for the collateral transfer as the total fee payable including the booking fee. On signature of their Term Sheet and Loan Agreement they issued to us a so called Advance Refund Payment Guarantee also endorsed by their bank HSBC by a banking officer by the name of Alex Chang Tung YUNG form HSBC, Foreign Remittance Department Co-Head, HK Banking, HSBC Global Banking. We have negotiated with Global that we pay only $62 000 collateral transfer fee and when they pay our loan to our nominated bank account in South Africa we shall then pay the balance of the $60 000 to complete the fee of $12 000. They have agreed to this and all documents stipulating this as a condition. They issued us an invoice with the Provider's banking details of T and C Industry CO, Limited represented by a certain YUI CHEUNG ADOLF WONG as the CEO. We have made payment to the nominated account in the amount of $62 000. They also acknowledge receipt of the payment and provided us with a signed Transaction Completion Time Table stating that our loan will be paid out to our SA nominated bank account on 7 October2021. On 7 October 2021 no payment happened. Only on 8 October 2021 we were suddenly informed that there is an issue with their bank and that we must pay certain stamp duties/tax levies of 2,5% calculated on the face value of the $9mil BG which amounts to $225 000 which demanded from us to pay immediately. Nowhere in their paperwork they have stipulated any of this information of stamp duties or tax levies payable. I they claim as per their website that they have done many of these transactions using a BG as collateral that they had full knowledge of these stamp duties/Tax levies payable but withheld this information from us and let us pay first the fee and then disclose this fact. They intentionally mislead you on this issue just to get your payment. On investigation they themselves admitted that they had knowledge of this for the past 2 years but never disclosed this before paying the fee the intentionally de*****ed us to to make it impossible to obtain our loan. Then they invited us to request and authorise then to refund our fee which we did and the following day they informed us that our refund is not approved as they can’t refund us because they have paid the outstanding 50% balance of the fee, which is in direct contradiction of their own loan agreement as we would only be liable to make payment of the outstanding 50% of the remaining balance ONLY once we received our loan, thereafter they attempted to use all kind of baseless excuses not to refund our fee. We have submitted their refund guarantee to HSBC and was informed that this Guarantee is ********** and the banking officer who endorsed the refund guarantee is unknown with HSBC. They issuing ********** paperwork just to de***** you from your monies. On request to provide us with a copy of the BG which they alleged it was successful swift to their bank they refused to that as until we pay the $225 000. We also communicated with the provider but got no response We of the opinion that no such BG exists.. We have also established that Global is not a Legitimate Government Licensed Money Lenders as required by the Money lenders Ordinance Chapter 163 which constitutes an offence in terms of section 29 of the Money Lenders Ordinance. It is clear that Global Finance Capital, Limited is operation a ********** lending business to de***** the public from their monies.