The Public Protector has found that government acted improperly by failing to act on the CIEX report.
Public Protector Busisiwe Mkhwebane. Picture: Kgothatso Mogale/EWN
PRETORIA – The Public Protector has found that Absa bank and its predecessor Bankorp unduly benefited from a Reserve Bank bail-out to the value of R1.125 billion and has ordered the Special Investigating Unit to recover the funds.
Advocate Busisiwe Mkhwebane made the announcement at a briefing in Pretoria on Monday where she revealed her findings in the so-called CIEX investigation.
The matter relates to funds misappropriated during the apartheid era and given as a lifeboat to Bankorp, which was…