STATE CAPTURE
FNB shocked to be asked about client-specific issues
Johan Burger tells the state-capture inquiry that FNB has reservations about the powers of the inter-ministerial committee, especially after the threat made to Standard Bank
FNB declined to meet the inter-ministerial committee, set up by cabinet to intervene when the Gupta bank accounts were closed. Former FirstRand group CEO Johan Burger told the state-capture inquiry on Tuesday that he had received an invitation to attend the meeting but no details were given. All he was told was that the committee wanted clarity on media allegations regarding account closures. Burger said he responded by asking who would be attending the meeting and what was on the agenda. He also asked for details of the allegations and specific allegations against FNB. The committee secretary, however, said she did not have the mandate to respond to his questions; Burger then declined the invitation.
He said he then received a second request in which FNB was told that the finance minister would be part of the meeting. It was also made clear that the meeting was about the closing of the Gupta bank accounts. Burger said he again responded to the committee saying that, while FNB...
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