JOHANNESBURG - Former PIC board member Paul Magula denies any involvement in fraudulent activities at VBS bank.
Giving his testimony at the inquiry into the Public Investment Corporation, Magula says he was dismissed unfairly over transactions he was not aware of.
“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."