|UDM notes minister’s decision re PIC independent inquiry

UDM notes minister’s decision re PIC independent inquiry

Mr Bantu Holomisa, MP UDM President

Mr Bantu Holomisa, MP
UDM President

Media release by Mr Bantu Holomisa, MP and UDM President

The United Democratic Movement notes finance minister Nhlanhla Nene’s instruction to the Public Investment Corporation (PIC) board to commission a forensic investigation into allegations of corruption and to institute an independent inquiry into the PIC’s affairs.

The mere fact that the minister has so decided shows that there must be prima facie evidence of wrong doing.

We however completely disagree on the minister’s approach of giving the responsibility for instituting the inquiry by the very same people who may be tainted. Who will draft the terms of reference for the inquiry? The minister cannot rely on the very same board and the Chief Executive Office, Dr Dan Matjila, to be player and referee.

In addition, we are also surprised that the CEO has in fact not been suspended. This smacks of favouritism and protection of a person that might be on the wrong side of the law once the commission gets to work.

The UDM will consult with its lawyers on what the next step will be on our side, given that we have taken the minister to court.

2018-07-26T09:02:55+00:00July 25th, 2018|#PICScandal, 2018 Archive, Bantu Holomisa, Home|Comments Off on UDM notes minister’s decision re PIC independent inquiry