Wednesday - June 28th, 2017

Government acted improperly by failing to act on the CIEX report - Mkhwebane


Government acted improperly by failing to act on the CIEX report - Mkhwebane

Public Protector, Busisiwe Mkhwebane has found that government acted improperly by failing to act on the CIEX report and that SARB failed to recover funds paid to Bankorp/ABSA.

A preliminary report identified three major opportunities to recover funds: Absa (R3.2 billion), Sanlam and the then-Rembrandt Group (between R3 billion and R6 billion) and up to R5.5 billion from Aerospatiale and DaimlerChrysler.

Eyewitness News reporter Barry Bateman says the actual amount owed by Absa is in fact R 1.25 billion.

Click on the link below to listen to the full audio....

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