Public Protector must release Gupta reports

Cornelia Mascio
Giugno 19, 2017

Busisiwe Mkhwebane found that Absa and its predecessor Bankorp unduly benefitted from a R1.125 billion bailout from the Reserve Bank. Bankorp was later purchased by ABSA.

Absa stated, "the remedies proposed in the Provisional Report are neither practically feasible nor legally competent".

Mkhwebane gave very little away when she announced she would hold a media briefing at her office on Monday morning "to release formal investigation reports".

She said the correct amount of the illegal gift granted to Bankorp Limited/ABSA Bank was in the amount of R1‚125-billion.

"The amount given to Bankrop/Absa Bank belonged to the people of South Africa".

"Dealing with alleged stolen state funds after commissioning and paying the same, whether the South African government failed to improperly implement the report is substantiated".

"The South Africa Reserve Bank must cooperate fully with the SIU and also assist the SIU in the recovery of the misappropriated public funds".

Mkhwebane found that the government's failure to recover the funds has prejudiced the public.

"The conduct of the South African government and the South African Reserve Bank goes against the ethos laid out in the preamble of the Constitution and section 195 of the Constitution in respect of redressing social injustices and promoting efficiency". CIEX Limited was paid 600,000 British Pounds for services which were never used by the South African government.

Some of Mkhwebane remedial action include that the Special Investigation Unit re-open the case and recover the funds which she said were given unlawfully to Absa.

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