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BRIEF-Absa Bank launches high court application to review, set aside public protector’s report
July 13, 2017 / 4:13 PM / 3 months ago

BRIEF-Absa Bank launches high court application to review, set aside public protector’s report

July 13 (Reuters) - Absa Bank Ltd

* Absa launches high court application to review and set aside public protector’s report

* Issued its application to high court for review and setting aside of findings and remedial action of the public protector’s report

* Refers to public protector’s report on financial assistance provided by South African Reserve Bank to Bankorp, which was later bought by Absa‍​

* Absa is challenging the public protector’s report on debt that is alleged to be due had prescribed and is therefore not recoverable

* Absa is challenging the public protector’s report on public protector has no jurisdiction to investigate the matter

* Absa is challenging the public protector’s report on debt that is alleged to be due had prescribed and is therefore not recoverable

* Absa is challenging the public protector’s report on public protector’s process was procedurally flawed and unfair to Absa

* Absa is challenging public protector’s report on report’s findings and remedial action based on material errors of fact Further company coverage:

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