PIC Commission biased – letter shows evidence leader targeting black companies | IOL Business Report

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A leaked letter, written by suspended acting PIC CEO Matshepo More has revealed how Advocate Jannie Lubbe instructed her and the rest of the board and staff to provide detailed information specifically related to just nine groups of companies. busrep

CAPE TOWN – A leaked letter, written by suspended acting Public Investment Corporation CEO, Matshepo More, has revealed how Advocate Jannie Lubbe, the evidence leader of the PIC Commission of Inquiry , had instructed her and the rest of the board, senior management and staff at the asset manager, to provide detailed information specifically related to just nine groups of companies.

In the letter, sent out earlier this year, More told staff that Lubbe had requested detailed information on Ayo Technology, Erin Energy, Independent Media, Lancaster, MST, Sagamartha, S&S Refineries, Tosaco and VBS Mutual Bank. Part of that triad, as alleged by Noko, was Sibusisiwe Zulu who is Mulaudzi's live-in lover. Mulaudzi owns Kilimanjaro and has a large interest in Ascendis.

Others monitoring the developments within the PIC said the deliberate omission of businesses and others such as, Group 5, MTN Nigeria and Redefine, from the evidence leader’s list, may be an indication that there could be a pre-determined outcome as to what he is hoping to achieve. AYO Technology Solutions had 1 061 mentions at the commission whereas the average number of times other companies being investigated were only 94.1. This equated to AYO being mentioned 11.3 times more often than others – a stunning 88.7 percent more!

“If the Commission was in pursuit of justice, surely all companies that benefitted from the PIC would have been investigated, especially those found wanting. Several people including politicians who have had access to the PIC are not there. It's clear that this has been centred around pushing out a certain agenda,” she said.

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busrep Gatekeepers of real big ticket looters are everywhere! Yet supporters are quick to look at state corruption wondering why only small fries are tried when big fish is let off the hook. And when the likes of Public Protector go for big fish, they accuse her of all manner of things

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Old Mutual fires suspended group CEO Peter Moyo | IOL Business ReportOld Mutual said on Tuesday it had terminated the employment contract for suspended group chief executive Peter Moyo. busrep Hawuuu they should atleast say 'he has resign for family reason'
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