National CORRUPTION CLAIMS DA calls for probe of Competition Commission amid allegations of corruption BL PREMIUM

The DA is pushing for a commission of inquiry to probe the running of the Competition Commission amid allegations of corruption and mismanagement at the institution. The commission is a key statutory body mandated to investigate and evaluate restrictive business practices, abuse of dominant positions and mergers. The DA says recent allegations against the body threaten its integrity and stability. The Financial Mail reported on Wednesday that the commission had been accused of lying to obtain search warrants, failing to abide by its own rules, and ignoring legal precedent in the high-stakes foreign exchange case against 23 banks. According to the report, disgruntled Sandton lawyers say the institution is becoming increasingly high-handed towards business. The DA’s call comes as Parliament prepares to process the Competition Amendment Bill. The bill is intended to provide for an extension of the mandate of the competition authorities and the executive to tackle high levels of economi...