"Once they came in there we began to see a process of a collection of individuals with a common purpose that advanced the interests of those who were pursuing quick accumulation of wealth for themselves through certain companies and their linkages to important big business. That began to weaken governance within the company."
"It was a sophisticated operation. It starts off with people who are known to have served the country, who have the qualification, who have been proclaimed as great managers and corporate leaders. But these people, once they are there, they take control of the mechanisms that provide a countervail against rampant corruption and irregularities in the business," he said.
Molefe's testimony will mainly cover what his board discovered when it came into office and the remedial steps it had taken thereafter.
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