Why was the African Bank report not referred to the NDPP?
12 May 2016
We welcome the release of the final report of the independent investigation, conducted by Advocate John Myburgh, into the collapse of African Bank.
The investigation was initiated by the former Governor of the South African Reserve Bank, Gill Marcus, on 30 August 2014.
The final report of the independent investigation finds inter alia that:
- there was no evidence the business of the bank was conducted with the intent to defraud depositors or creditors;