Bantu Holomisa submits letter to #PICInquiry's Advocate Lubbe | IOL Business Report

Johannesburg - UDM leader Bantu Holomisa has written a letter to the Mpati Commission of Inquiry evidence leader, Advocate Jannie Lubbe, for use on the day that former Public Investment Corporation chief executive, Dan Matjila, provides testimony. The letter was prompted by email correspondence from Lubbe to Holomisa on Saturday, 6 July, informing him that he may be implicated.

Nogu also referred to a number of politically-connected relatives such as Mkhize’s niece, Sibusisiwe Zulu, who also happens to sit on the board of the PIC. Matjila told the commission that he would later make submissions as to why the chairperson the PIC should never get involved in any PIC investment transactions.

“I wish to inform the Commission about information that has been provided to me by a whistleblower regarding an alleged forensic review report , as commissioned by the PIC board, from Nexus Forensic Services regarding a VBS Mutual Bank investment transaction. “In terms of the conditions of the loan, it is allegedly unclear whether the loan was intended to ever be repaid, or whether it is/was, in fact, being repaid. The only way to establish the veracity of this allegation is to scrutinise the dates of disbursement and repayment,” reads Holomisa’s letter.

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