PRETORIA – President of the United Democratic Movement (UDM), Bantu Holomisa, on Wednesday urged the Justice Lex Mpati Commission to take a closer look at allegations against Lawrence Mulaudzi and why it seemed so easy for Mulaudzi to gain access to PIC funding.
Holomisa was testifying before the Commission of Inquiry into alleged improprieties at the Public Investment Corporation (PIC).
The UDM leader referred the commission to the alleged funding support for Kefolile Health Investments for the subscription of Ascendis Health and Bounty Brands shareholding.
He said the Kefolile deal, that involves the PIC and some other common role-players, had been for an aggregate amount of R1.775 billion funding support.
“The alleged common role-player, in this and the Project Atlas deal, is Mr Mulaudzi. We think you would be wise to inquire what his role had been in both deals, whether he received transactional incentives and most importantly if all the allegations are true, why it seems so easy for Mr Mulaudzi to gain access to PIC funding.