SIR MEKERE: Woodlawn Capital statement a fabrication

Minister for Public Enterprises, Sir Mekere Morauta, said Motor Vehicle Insurance Ltd had confirmed to him that it had not authorised the statement released by Woodlawn Capital today, purportedly on MVIL’s behalf.

“The statement is a fabrication,” he said.

“MVIL confirmed to me that it had not approved its release.

“It also omits one central fact: the transaction was illegal because MVIL did not obtain any of the approvals it was required by law to get before proceeding.

“Stop trying to confuse the issue and just bring the money back.”