Corruption Watch urges Absa to act on the PP’s findings
Corruption Watch has urged Absa Bank to respect the public protector’s findings, released yesterday, on the CIEX report, calling upon the bank to either repay the R1.125-billion bail-out granted by the South African Reserve Bank (SARB) to Bankorp Limited / Absa between 1986 and 1995, or otherwise launch a judicial review. However, the organisation expressed its extreme disquiet at the public protector’s finding, apparently derived from this investigation, instructing Parliament to amend the Reserve Bank’s mandate.