Edition:
United States

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


Thursday, 13 Jul 2017 12:09pm EDT 

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.