WATCH: More concludes testimony at PIC inquiry

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JOHANNESBURG  - Suspended CEO Matshepo More concluded her testimony at the PIC inquiry on Tuesday.

The inquiry has heard that the PIC had more than R5-billion in its main account when it wanted to invest in Ayo Technology Solutions.

Previously, it heard the PIC needed to sell assets to raise liquidity to invest R4.3-billion in Ayo.

“I confirmed that funds were available on the 19 December 2017 while Dr Dan [Matjila] had notified the JSE that funds would only be available on the 22 December 2017... I wish to emphasize that in the ordinary course of business there are limited funds idling in the bank accounts. This does not necessarily mean that there are no funds available for a particular transaction,” she said.

On Monday, More suggested the commission's legal team may have tampered with evidence.

READ: Suspended PIC accuses inquiry of evidence tampering

She herself is accused of interfering with witnesses and has been heavily implicated in wrongdoing by a number of witnesses at the commission.

More also insisted that staff members approached her for assistance with legal costs associated with appearing at the inquiry. 

Source
eNCA