|The Public Investment Corporation: concerns regarding time being taken to institute commission of inquiry and the PIC board appointing forensic auditors

The Public Investment Corporation: concerns regarding time being taken to institute commission of inquiry and the PIC board appointing forensic auditors

Mr Bantu Holomisa, MP UDM President

Mr Bantu Holomisa, MP
UDM President

Dear Mr President

This matter has reference.

The United Democratic Movement is very concerned that there is no movement in terms of the appointment of the Public Investment Corporation (PIC) commission of inquiry.

Sir, in this matter, we want to remind you that Minister Nene had initially, in his court papers, said that he saw nothing untoward at the PIC. This raised some eyebrows at the time. His lack of action now raises the question as to why Minister Nene is dragging his feet in instituting the inquiry and appointing the commissioners.

Our main concern is that Minister Nene, who once was a PIC Chairperson, is acting like a person who may himself, or maybe a family member, have been captured.

Regarding Minister Nene’s instruction on a forensic audit at the PIC, the minister has not stated which aspects or transactions such an investigative team will audit.

In fact, Sir, the entire matter is shrouded in secrecy.

Mr President, we herewith ask that you take this matter away from Minister Nene and appoint the commission yourself. We also ask that you appoint the forensic auditing team i.e. not by the PIC board whose members may be compromised themselves.

Kindly advise.

Yours sincerely

Mr Bantu Holomisa, MP
President of the United Democratic Movement

2018-09-04T11:18:16+00:00September 4th, 2018|2018 Archive, Bantu Holomisa, Home, Open Letters|Comments Off on The Public Investment Corporation: concerns regarding time being taken to institute commission of inquiry and the PIC board appointing forensic auditors