Shweni, told the StateCaptureInquiry that Huarong’s proposal for the loan agreement was not sent to the utility’s asset and liability committee for approval.
Shweni told commission chair deputy chief justice Raymond Zondo that Huarong’s proposal was initially well received"as something we could look into and pursue".
Shweni described the normal processes that should be followed when an unsolicited proposal was received.
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