The Companies and Intellectual Properties Commission order issued to the Public Investment Corporation to recoup R4.3-billion from Ayo Technology Solutions has been declared unlawful by the Pretoria high court.
The PIC was also ordered to recover any interest that may have accrued on the investment within six months. Ayo Technology Solutions is linked to Cape Town businessman Iqbal Survé, who holds an indirect stake in the company.
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JUST IN: Court victory for AYO in PIC R4.3bn repayment caseThe Companies and Intellectual Properties Commission's order against the Public Investment Corporation to recoup R4.3bn from AYO Technology Solutions has been declared unlawful by the Pretoria High Court. Fin24 There goes our tax ...corruption wins!! corruption wins!! corruption wins!! corruption wins!! Long Live Corruption Fin24 FFS!!!!
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PIC commission to continue as key Ayo repayment court order expectedThe judicial commission of inquiry into state-run asset manager the Public Investment Corporation (PIC) is set to continue today, while a key court judgement affecting Ayo Technology Solutions will also be handed down.
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