Daniel Matjila, the former chief executive officer of South Africa’s state-owned pension manager, denied he took a bribe to help bailout VBS Mutual Bank before the lender’s collapse, a commission of inquiry heard.
Matjila, who is testifying before the ongoing probe into allegations of wrongdoing at the Public Investment Corp., was accused of taking 5 million rand ($358,000) in cash for facilitating further funding for the lender.
“Being linked in a personal manner to the debacle that is VBS has to be the lowest of the low in allegations about my leadership of the PIC,” Matjila told the commission on Wednesday. ‘What’s more, as someone who has placed integrity above all other values, the mere suggestion that I would accept a bribe is abhorrent to me, and deeply upsetting to my wife and my children.”
The full original article can be found at bloomberg.com