A lifestyle audit of Daniel Matjila, the former CEO of the Public Investment Corporation (PIC), showed no evidence that he took out an irregular loan from failed lender VBS Mutual Bank, a commission of inquiry heard.

Matjila, who is testifying before the ongoing probe into allegations of wrongdoing at the PIC, was accused by a politician of borrowing R2.5m from the bank, which has been linked to various corruption scandals. Matjila has denied the allegation, evidence leader Jannie Lubbe told the inquiry on Tuesday.

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