Leon Kirkinis, the former CEO of African Bank Investments, was unrepentant after the lender he created failed in August 2014, wiping out billions of rands for investors, according to the findings of an investigation into the bank's collapse. Kirkinis, 56, felt the company, known as Abil, had a "rosy future" and it was wrongly placed under administration by caretakers appointed by the Reserve Bank, having survived other crises in the past, John Myburgh, who led the probe, said in a report published on the central bank's website yesterday."In considering the personality of Kirkinis, the word 'hubris' comes to mind," Myburgh said. "Kirkinis believed he was right, everyone else was wrong," including the bank's auditors Deloitte & Touche LLP.Kirkinis didn't immediately return a message left at his Johannesburg office seeking comment."The directors of the bank acted in breach of their fiduciary and other duties," and the business was conducted "negligently" in some respects, Myburgh said.When Abil collapsed, shareholders lost all of their money."Thousands, if not hundreds of thousands, of ordinary South Africans invested their savings in Abil shares."..