Mkhwebane said the correct amount of the illegal gift granted to Bankorp Limited/ABSA Bank was in the amount of R1.125-billion.
“Two investigations into the matter established that the financial aid given to Bankorp Limited/ABSA Bank was irregular‚” Mkhwebane said.
In a statement on Monday afternoon‚ Absa said it had not yet received a copy of the report and was urgently requesting the Public Protector’s Office to send it to the bank.
“Once we have read it we will consider our legal options including seeking a High Court review‚” Absa said.
Absa had submitted to the Public Protector in January that there was a misunderstanding on the part of the Public Protector regarding the contracts that were signed between Absa and the Reserve Bank after Absa had bought Bankorp.
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