Regulator slams Mkhwebane over 'biased' report, heads to high court

fin24.com

- fin24.com | a month ago

The Financial Sector Conduct Authority (FSCA) has filed papers to review and set aside a report which it contends was conducted in bad faith by Public Protector Busisiwe Mkhwebane after she made findings of impropriety and maladministration against it.

The report was released on March 28. The complaint was brought by EFF leader Julius Malema and related to the nomination and recommendation for appointment of curators for pension funds.

Subscribe to Fin24's newsletter hereMalema alleged that then executive officer Dube Tshidi improperly appointed Anthony Mostert as the curator of several pension funds that had fallen victim to a fraudulent scheme, known as the Ghavalas scheme.

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