In December 2020, chartered accountant Charl Cilliers answered questions from the SA Institute of Chartered Accountants to explain his inclusion in the investigative report of Advocate Terry Motau about the fraud at VBS Mutual Bank.
Cilliers’ lack of transparency, honesty and openness with Saica about his FSCA disbarment drew stringent criticism from five fellow chartered accountants and industry peers Scorpio spoke to. His statement further contradicts the FSCA’s finding, and Cilliers indicated the debarment would be reconsidered in July.His omission to disclose this “material fact” to Saica should now be new grounds to remove Cilliers from the register of auditors, said Lawson Naidoo from the constitutional watchdog the Council for the Advancement of the South African Constitution and Willem Landman, former CEO of the Ethics Institute and now from the department of philosophy at Stellenbosch University.
It looks like this story is written merely to prove a point that you not only focus investigative work on black enterprises but exercise impartiality when it comes to malfeasance which is not the case. Gone is the vilification, character assassination, insinuations and innuendos.