The previous nationwide treasury director-general and chairman of the Authorities Workers Pension Fund, Dondo Mogajane, has resigned from all skilled roles and board positions. (Dwayne Senior/Bloomberg/Getty Photographs)
The previous nationwide treasury director-general and chairman of the Authorities Workers Pension Fund, Dondo Mogajane, has resigned from all skilled roles and board positions following what he stated have been “unfounded and malicious” allegations made by a convicted legal.
Mogajane, who was additionally CEO of the Moti Group, stated that he would take an prolonged sabbatical to give attention to private well-being and spend time along with his household.
In July this 12 months, he was implicated in bribery by the previous chairperson of the now defunct VBS Mutual Financial institution, Tshifhiwa Matodzi.
Matodzi is serving a 15-year jail time period for being the “mastermind” behind the cash laundering, corruption, theft and fraud on the financial institution that led to its 2018 collapse and the lack of about R2 billion.
His affidavit was leaked after he reached a plea settlement with the Nationwide Prosecuting Authority. In it, he made allegations about a number of politicians and officers, together with Mogajane, who he stated had accepted a R1 million bribe to keep away from pressuring municipalities to withdraw illegal investments from the financial institution.
Mogajane vehemently denied the allegations when the affidavit was leaked, saying he served on the treasury with “distinction, honesty, loyalty and humility”.
In an announcement issued on Monday, Mogajane stated he was assured that his status could be restored.
“I imagine within the significance of due course of and stay assured that, in time, the reality will prevail,” he stated.
He would use his sabbatical to replicate on his profession and to write down a memoir detailing his experiences in public service.
“Whereas this chapter of my profession has drawn to a detailed, it isn’t the conclusion of my story. This era marks a pause, not an endpoint. At a later stage, I could resolve to probably re-enter the non-public sector and perhaps even politics,” he stated.