JOHANNESBURG - Commission chair Judge Lex Mpati said he hoped Ayo Technologies senior executive Abdul Malick Salie would not face repercussions for giving testimony.
Salie gave evidence against the company's Iqbal Survé, claiming he instructed them to inflate the value of Ayo to attract investment from the PIC.The JSE now wants external audits.“I know there might be consequences in terms of the evidence you’ve given. It has thrown light on many aspects, particularly Ayo, and we thank you in this regard.”
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WATCH LIVE: Former Ayo board member gives insight into PIC investmentFormer Ayo board member Abdul Malik Salie gives evidence at the PIC inquiry on the inner workings of the firm and the investment deal with the Public Investment Corporation.
Source: ewnupdates - 🏆 30. / 53 Read more »
Iqbal Survé helped Ayo ‘thumbsuck’ their valuation, says CIOThe company's CIO gave testimony contradicting Survé's claim that he was 'not involved in the Ayo listing'. He overstate value by a mere R10 Bilj and then advisory fees is payed on Thumbsuck eval on transaction. Survey's lies are all on tape and there is plenty of corroborating evidence. We're waiting for perjury and fraud charges to be produced. What is taking so long ? 🙄
Source: TheCitizen_News - 🏆 6. / 75 Read more »
Iqbal Survé intimately involved in Ayo listing, PIC inquiry toldAbdul Malick Salie directly contradicts Survé’s denial that he had nothing to do with the listing
Source: BDliveSA - 🏆 12. / 63 Read more »
Iqbal Survé intimately involved in Ayo listing, PIC inquiry toldAbdul Malick Salie directly contradicts Survé’s denial that he had nothing to do with the listing I wonder if this water slams is fasting ,probably takes a dop also
Source: BDliveSA - 🏆 12. / 63 Read more »
Ayo valuation deliberately inflated before listing on JSE, PIC inquiry toldSalie said it was Sekunjalo chairperson Iqbal Survé who gave the instruction to inflate the value of the firm. Ive noticed how quiet the JSE has been in al of this?
Source: ewnupdates - 🏆 30. / 53 Read more »
Ayo Technology Solutions deal under scrutinyMalick Salie testified before the Commission of Inquiry into the Public Investment Corporation.
Source: eNCA - 🏆 49. / 51 Read more »
PIC INQUIRY: Former Ayo board member implicates Iqbal Survé directly in bogus valuation of companyThe commission of inquiry into allegations of impropriety at the Public Investment Corporation is unpacking how the PIC came to invest R4.3-billion in Iqbal Survé’s Ayo Technology Solutions in 2017. On Tuesday 14 May 2019, a former Ayo board member dropped Survé in it personally — by alleging that he was intimately involved in the process of artificially inflating Ayo’s valuation.
Source: dailymaverick - 🏆 3. / 84 Read more »
LIVESTREAM: PIC Inquiry resumes after two-week breakThe inquiry chairperson, Judge Lex Mpati, previously heard how processes were flouted when it came to investing millions into certain companies.
Source: eNCA - 🏆 49. / 51 Read more »
You’re still paying for ‘drunken Judge’ Motata’s gravy trainDespite being found guilty of drunken driving in January 2007, retired Judge Nkola Motata has been paid about R16 million of taxpayers' money. Check and verify your facts This judge still goes drinking almost every night at the Sandton Sports Club and frequents the Morningside Bowling Club too. Of course he hasn't learned his lesson because he is still being paid. No consequences. milkbar_sa HermanMashaba
Source: TheCitizen_News - 🏆 6. / 75 Read more »
Judge blasts MEC for botched birthThey fought to the bitter end but now a Durban judge has ordered KwaZulu-Natal health MEC Dr Sibongiseni Dhlomo to pay legal costs of about half-a-million rand in a case in which a KwaZulu-Natal mom is suing for medical negligence after her son was born with 'the worst case' of cerebral palsy five years ago. His rumoured to be the new Minister of Health. Eish
Source: SundayTimesZA - 🏆 47. / 51 Read more »
Zuma’s lawyers claim judge may have been probed by NPAJudge Mjabuliseni Madondo says this is the first time he has heard of the allegations This shouldn't even be considered news. Of course they claim that. And there will be another bs claim tomorrow.
Source: BDliveSA - 🏆 12. / 63 Read more »