Khaya Sithole | Inside the currency manipulation scandal that shook the banking world

A currency manipulation case involving 28 banks raises the interesting question of why some were motivated to settle - and what the case overall means for corporate accountability, says Khaya Sithole. 

Over 15 years ago, in January 2008, as South Africa was reflecting on the momentous events of the Polokwane conference that had seen Jacob Zuma unseat Thabo Mbeki as the president of the ANC in December 2007, a chat room involving currency dealers representing some of the major banks in the world recorded a rather curious series of messages.