This is contained in a letter, dated today, July 8, by UDM leader Bantu Holomisa addressed to the PIC Inquiry evidence leader Jannie Lubbe.
Advocate Terry Motau compiled a report, The Great Bank Heist, after a probe into the affairs of VBS. This report found that nearly R2 billion was stolen from the bank. The South African Reserve Bank released the report to the public in October 2018. The failure to disclose the R2.5 million VBS loan “may constitute a conflict of interest and even possible criminal conduct”, Holomisa wrote.
According to the alleged report, Matjila, as well as the PIC’s former chief risk officer, Paul Magula, and the PIC head of legal, Ernest Nesane, received loans from VBS. “In terms of the conditions of the loan, it is allegedly unclear whether the loan was intended to ever be repaid, or whether it is/was in fact being repaid. The only way to establish the veracity of this allegation is to scrutinise the dates of disbursement and repayment,” Holomisa wrote.
“Why did Advocate Motau’s report exclusively focus on Magula and Nesane? Common sense would dictate that Advocate Motau would have declared Dr Matjila’s alleged loan even if no wrongdoing was apparent.”
JustinBrownSA Hebann Ku rough mos!
JustinBrownSA Had that 2.5m reported to have gone to EFF members, Pauli van Wyk would have drawn some graf trying to make sense of how precisely the cash exchanged hands. Now that Dan is the recipient, the same level of noise can't be heard emanating from the newsroom corridors.
JustinBrownSA Is there just 1? Just 1?
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