The Public Investment Corporation (PIC) is accused of using disciplinary processes to intimidate and punish employees appearing at the commission of inquiry into the affairs of the asset manager. Alvin Schiel, a development manager in the PIC's property division, testified on Wednesday that he had disciplinary processes instituted against him on the eve of the commencement of the commission, which is being chaired by retired judge Lex Mpati. Like other employees who had appeared before the commission, Schiel described the environment of “threat and fear” that existed at the state-owned asset manager. ‘Contempt’ He also described how auditors from the Auditor General’s office tasked with auditing the PIC were treated "with contempt". Schiel told Business Day that he was effectively fired on Monday, literally hours before giving testimony at the commission. His mitigation of sanction hearing is due to be heard on Thursday. He has been accused of irregularly appointing a contractor, a ...

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