Not a tinge of impropriety will be found in AYO transaction, says PIC executive
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Suspended PIC executive denies impropriety in Ayo investmentFidelis Madavo, executive head of the Public Investment Corporation’s Listed Investments unit, was suspended this morning prior to testifying.
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Top PIC executive suspended over AYO Technology Solutions investmentThe commission of inquiry probing governance and investment decisiosn at the state asset manager learnt that the corporation's Head of Listed Investments, Fidelis Madavo, has been suspended.
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PIC suspends two staff members following probe into Ayo dealThe board of the Public Investment Corporation (PIC) on Tuesday announced that it has suspended one of its executives and a staff member following the completion of a preliminary probe report into the Ayo Technology Solution transaction.
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