Denel CFO Testifies at State Capture Commission

The former chief financial officer of Denel Land Systems, Pieter Knoetze has testified at the Zondo inquiry into state capture today, where the commission questioned his extent of involvement in the possible irregularities related to the funding and purchasing of majority shares at a company known as LMT Holdings.

The struggling company allegedly received early payment for the supply of armoured vehicles to Denel.

Knoetze says his involvement in the process was only limited to management level.

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