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Scopa to launch probe into allegations of corruption at the Development Bank of SA

Parliament has resolved to institute an inquiry into allegations of corruption, fraud and maladministration at the Development Bank of Southern Africa (DBSA), which the development finance institution has denied.

We ve found no evidence of fraud, maladministration alleged by Holomisa - DBSA CEO

Tebogo Letsie, City Press The DBSA says it has an external investigator has concluded the probe to allegations raised by Bantu Holomisa. It says there was no evidence of impropriety or lending to politically connected people. The bank is yet to share the investigator s report with Parliament. The Development Bank of Southern Africa (DBSA) says it has completed investigations that found no evidence of corruption, maladministration or any wrongdoing in the appointment of its board, nor in transactions flagged by UDM leader Bantu Holomisa. The development finance bank appeared before the Parliament s Standing Committee on Public Accounts (Scopa) on Tuesday and told the MPs that they premised the allegations made by Holomisa on incomplete and inaccurate information .

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