Dan Matjila, the former CEO of the Public Investment Corporation (PIC), got a R2.5 million personal loan from VBS Mutual Bank that he didn’t declare, alleges United Democratic Movement (UDM) President Bantu Holomisa.
We have reliably been informed that there is a secret forensic report that shows that Dr Dan Matjila had received a R2.5m personal loan from #VBS. Why was this kept under wraps by the #PIC board? #PICInquiry must ask them for report. The plot thickens…https://t.co/04RtLPN0FD— Bantu Holomisa (@BantuHolomisa) July 8, 2019
…Advocate Terry Motau’s report revealed that a cash sum of R5 million was apparently ‘stolen’ from VBS Mutual Bank, allegedly to bribe Dr Matjila to obtain his cooperation in facilitating the funding of VBS Mutual Banks’ requirements by the PIC. Famously, the money was reportedly carried by helicopter from Makhado to Lanseria Airport…— Bantu Holomisa, President - United Democratic Movement
… one could argue that Dr Matjila had personally benefited from nearly R7.5 million of VBS Mutual Bank money…— Bantu Holomisa, President - United Democratic Movement
The term of Dr Matjila’s loan is alleged to be a 30-year period…— Bantu Holomisa, President - United Democratic Movement
They discussed Tuesday’s proceedings at the PIC Inquiry in which Matjila claimed he was removed because he stood up to politically connected people.
He denied Holomisa’s allegations.
Listen to the interviews in the audio below (and scroll down for quotes from it).
You’re misleading your audience… It’s already there! Just go and Google it… their denial is not cast in stone. There are so many people who denied… once such a person is Zuma himself… The report is there!— Bantu Holomisa, President - United Democratic Movement
I find it strange that Advocate Terry Motau would not take up this loan… Terry Motau pointed fingers to two PIC directors… Why was he [Matjila] left behind?— Bantu Holomisa, President - United Democratic Movement
Mr Matjila… if it’s true it means he has lied to the country…— Bantu Holomisa, President - United Democratic Movement
A confident Dan Matjila graced the seat… he wasn’t stuttering…— Kgomotso Modise, reporter - EWN
…speaking about the hand that politics have in the PIC… questions about why that is… and if it should stay that way… the hand of government sometimes jeopardises its [PIC] position…— Kgomotso Modise, reporter - EWN
The ultimate overseer is the Finance Minister… We had different Finance Ministers coming in…— Kgomotso Modise, reporter - EWN
Tomorrow… he’s going to go into each of the deals individually… Steinhoff… VBS Mutual Bank… and the infamous Ayo Technology deal…— Kgomotso Modise, reporter - EWN
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