Holomisa will fight in the Court of Appeal on the prohibition of "PIC corruption" – The Citizen



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The leader of the United Democratic Movement (UDM) Bantu Holomisa pledged to fight against a gag order preventing him from alleging the investment company BEE Lebashe Investment Group and d & # 39; prominent businessmen involved in corruption within the Public Investment Corporation.

"Due to the power position of the PIC, if there is a hint of corruption, it has repercussions on the entire financial system," said economist Chris Hart yesterday . "This is not something that can be avoided, and when you fight against corruption, corruption goes backwards."

Multi-billion rand investments had seen the PIC function for all the wrong reasons these last weeks. Investment group Lebashe, former deputy finance minister Phillip Moleketi, Harith General Partners, Harith Fund Managers and businessmen Warren Wheatley and Tshepo Mahloele have managed to defeat the allegations of Holomisa: "Serious corruption, dodge of diligence, false statements, money laundering". and the purge of staff (perhaps for hiding) in PIC transactions, which could only be the tip of the proverbial iceberg.

"The extent of decay could be worth billions of rand, potentially making it larger than the Gupta scandal," Hart said.

Holomisa went straight to the top when he said: "Through PIC, [Daniel] Matjila seems to have tentacles across various sectors of society – trade unions, political parties and perhaps parts of the world. fourth area. "

reasons given by Justice Vivian Tlhapi, Holomisa was left frustrated. So, he filed an application for leave yesterday afternoon at the Supreme Court of Appeals.

Holomisa told The Citizen that the captain had not approached him for evidence of the allegations he had made.

"They just do not want us to talk about it, the things I've said are in the public domain for a long time, almost 18 months, my job was to say, but where is the government? reports or responds to these requests, "said Holomisa.

In his leave application, the President of the UDM stated that Thlapi had erred because his statements were not defamatory and that he had simply made allegations of wrongdoing by asking President Cyril Ramaphosa to expand the commission.

"They should thank me, and now I'm told to shut up, it can not be," said Holomisa. "I have the right to freedom of expression.This may end up in the Constitutional Court."

Hart noted that the government's pensions were sacrosanct and Holomisa had made serious allegations. "When people retire, they have no second chance, the fund has to be taken care of."

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