PIC board member denies involvement in fraud at VBS bank

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Giving his testimony at the inquiry into the Public Investment Corporation, Paul Magula says he was dismissed unfairly over transactions he was not aware of.

take responsibility for what happened at the bank was wrong." "There was no way I could know what was happening beyond the misrepresentations. I have never participated in any illegal or fraudulent activity.

I have referred a dispute for my unfair dismissal from the PIC to the CCMA."
 

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