DENEL's money used to bailout one of its suppliers - Former Chief Financial Officer Pieter Knoetze

Arms manufacturer DENEL's former chief financial officer Pieter Knoetze has told the Commission of Inquiry into State Capture in Johannesburg that the company's money was used to bailout one of its suppliers LMT Holdings. He says this was despite warnings from auditors. According to evidence before the commission LMT Holdings was paid before it delivered on its contract to DENEL.