Former PIC board member denies involvement in fraud at VBS bank

Former PIC board member Paul Magula denies any involvement in fraudulent activities at VBS bank. Courtesy #Dstv403

JOHANNESBURG - Former PIC board member Paul Magula denies any involvement in fraudulent activities at VBS bank.

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Giving his testimony at the inquiry into the Public Investment Corporation, Magula says he was dismissed unfairly over transactions he was not aware of.

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“I want to use this opportunity to clear my name and take responsibility for what happened at the bank was wrong."

"There was no way I could know what was happening beyond the misrepresentations. I have never participated in any illegal or fraudulent activity. I have referred a dispute for my unfair dismissal from the PIC to the CCMA."

 

Source
eNCA