Top story | Dan Matjila faces fresh claims over corruption-hit VBS loan
Former PIC CEO Dan Matjila at the judicial commission of inquiry in Pretoria. Picture: FREDDY MAVUNDA
On the first day of his highly anticipated testimony at public hearings into governance issues at the Public Investment Corporation , former CEO Dan Matjila had to fend off fresh allegations that he had unduly benefited from a loan extended by the corruption-hit VBS Bank. UDM leader Bantu Holomisa circulated a letter on Monday that he had written to the PIC commission’s evidence leader, advocate Jannie Lubbe, in which he claimed he had a forensic report prepared for the state-owned asset manager which accuses Matjila of improperly benefiting from a loan of R2.45m extended by the collapsed VBS Mutual Bank.
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