Mon. Jan 25th, 2021

PIC inquiry: Bantu Holomisa accused of chasing political clout

bantu holomisa pic inquiryThe feisty Holomisa would not take a lashing from Berger laying down.

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UDM leader, Bantu Holomisa, was lambasted by advocate Danny Berger at the PIC inquiry for apparently chasing political clout with the false evidence he allegedly submitted to the commission.

As reported by Sowetan Live, the leader of the United Democratic Movement was forced to admit that he had not provided any solid proof to substantiate the evidence he had submitted against investment managers, Harith General Partners and Lebashe Investment Group.

PIC inquiry: Why Bantu Holomisa was called to testify

Berger, who was acting on behalf of the accused companies, grilled Holomisa on his claims when the leader took the stand on Wednesday for cross-examination.

ReadPIC Inquiry: Iqbal Survé hammers “artificial” BEE for being a sham

In 2018, Holomisa had written to the office of President Cyril Ramaphosa, accusing the Public Investment Corporation chief executive officer, Dan Matjila, of colluding with the aforementioned investment managers.

The UDM leader had implicated Matjila and the two companies in a string of tailored funding deals.

According to Holomisa, these two companies were actually run by the same group. However, it was allegedly in their financial interests to attach two funnels to access the PIC’s funds.

Holomisa concedes to clutching at straws

These allegations were tested by Berger, on Wednesday, who challenged Holomisa to bring forth any proof that can substantiate his grandiose claims.

ReadPIC inquiry: Two senior executives suspended with immediate effect

The questioning then descended into a flurry of questions being tossed between Berger and Holomisa. For each question that the advocate put to Holomisa, the UDM leader rebutted with his own question, citing that

“I am going to keep on throwing these questions [at you] to empower the commission.”

UDM leader, Bantu Holomisa at the PIC inquiry

Holomisa’s legal troubles with the two companies are far from over.

After he had made these allegations against Harith, which was funded by former PIC chair and deputy finance minister, Jabu Moleketi, and Lebashe, a company established by Tshepo Mahloele, the UDM leader got handed a defamation lawsuit which he is currently contesting.

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