‘Agonising’ says former PIC director of the prolonged corruption probe
A former non-executive director of the Public Investment Corporation (PIC) accused of corruption by an anonymous whistleblower said her reputation has been negatively affected by the prolonged investigation into the matter.
Sibusisiwe Zulu was one of the non-executive directors of the PIC named in emails sent by infamous whistleblower James Noku, also known as James Nogu, in January 2019.
Noku accused Zulu of approving deals worth R6 billion for her romantic partner Lawrence Mulaudzi, a businessman whose dealings with the PIC have come under great scrutiny at the Mpati commission of inquiry probing issues of impropriety related to transactions and governance failures at the PIC.
According to Noku’s emails, Zulu indirectly benefitted from the transactions approved in favour of Mulaudzi and started living a “lifestyle where she splurges her ill-gotten PIC money” on a mansion and sports cars.
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