Leaked public protector report creates wrong impression, says Absa
Absa says a leaked public protector report on an apartheid-era bail-out for Bankorp creates an incorrect impression. The bank said on Friday that it would make “further submissions … to correct several factual and legal inaccuracies that are contained in the provisional report” by Public Protector Busisiwe Mkhwebane regarding an unlawful apartheid-era bailout. It also said the leak of the report was “regrettable” and creates “an incorrect view that Absa Bank Ltd was the beneficiary of undue assistance”. The Mail & Guardian reported that the bank could be forced to pay R2.25bn if Mkhwebane’s suggested remedial actions “remained unchanged”. “The government‚ through the South African Secret Service represented at the time by Billy Masetlha‚ contracted Ciex to investigate large-scale looting of the state under the apartheid government‚” the newspaper said. Masetlha was a former head of the National Intelligence Agency before being fired by then president Thabo Mbeki in 2006‚ while‚ acco...
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