Public protector was 'played': FSB ruling is challenged by regulator

- | 3 months ago

An investigation by the public protector's office into the Financial Services Board (FSB), following the stripping of pension fund surpluses in a fraudulent scheme that led to them being placed under curatorship, is being taken on review, with claims of bias against advocate Busisiwe Mkhwebane.

  The pension fund mismanagement occurred a decade ago while the complaint was laid with Mkhwebane in 2017 by EFF leader Julius Malema. Among matters probed was that an attorney appointed as curator used his own law firm to recover assets on behalf of the fund under curatorship.

In her report in March this year, the public protector made findings of impropriety and maladministration against the FSB, now called the Financial Sector Conduct Authority (FSCA), and its then executive officer, advocate Dube Tshidi.

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