Bad newss for the Guptas and Duduzane Zuma
The commercial enterprise, which the Guptas and Duduzane Zuma offered with allegedly laundered money and a prepayment from Eskom, has been under the control of commercial enterprise rescue practitioners. Believed to be really worth within the vicinity of R4bn, it's far now the biggest asset ever preserved with the aid of the state within the history of the National Prosecuting Authority (NPA).
The Guptas were Smuggling money from various banks in South Africa
Money were smuggling by the Guptas It is estimated that R49 billion in state funds was misappropriated by state minorities, according to Shadow World director Paul Edward Holden, according to an investigation. The director said this at a commission headed by Judge Raymond Zondo yesterday. According to him, they found that R49 157 323 233.68 had been deposited in various banks.
R1.5 Trillion Taxpayers Money Gone| Cyril Ramaphosa In Big Trouble.
There is a outstanding deal of stolen cash within the arms of looters, and country lethargy is inexcusable. There is an staggering loss of political will in authorities to do the primary work required to rake lower back the loot of kingdom seize. Understandably, some civil servants are fearful of the consequences of taking steps in opposition to the looters, lots of whom stay politically properly-related.
Malema, Zuma Suffers Huge Blow Against Gupta Family Before Zondo. The Secret Is Out.
So state-of-the-art become the Gupta family cash laundering community of organizations, that Jacob Zuma’s criminal costs had been paid from the proceeds of nation seize. So sophisticated become the Gupta circle of relatives cash laundering community of businesses, which drove the siphoning of billions of rands from the South African taxpayer, that Jacob Zuma’s criminal fees – strolling into loads of thousands of rands – had been paid from the proceeds of nation seize, the commission of Inquiry into state capture heard on Tuesday.
JHB Mayor Geoff Makhubo allegedly involved in million rand corruption, Tweeps calling for the Hawks.
Shocking revelations coming from the Zondo Commission of Inquiry, showing that a company owned owns the Johannesburg mayor Geoff Makhubo was awarded up to R35.7 million through contracts with the City of Johannesburg between 2008 and 2016. Which is highly irregular and illegal, considering he was in charge of directly or partially of awarding those contracts. The money came from 10% of fees paid by Regiments Capital to Makhubo’s business Molelwane Consulting. Regiments Capital allegedly had an agreement with
Ramaphosa's inconsistent exercise of Power anger South Africans.
Cyril Ramaphosa President of the Republic of South Africa placed Minister of Health Dr Zweli Mkhize on special leave on Tuesday 08 June 2021. According to an official statement issued by The Office of the Presidency, the Special leave will enable the Minister to attend to allegations and investigations concerning contracts between The Department of Health and a service provider named Digital Vibes.
Geoff Makhubo denies 35.7 million benefit in his personal account!
Johannesburg mayor is suspected of fraud . Makhubo denies the conflicts of interest as things get worse for him.Evidence shows that he benefited from millions in regimens deal. It was reported that the amount of money worth millions of rands was paid in Johannesburg mayor Geoff Makhubo company'sb.It is suspected that Makhubo personally benefited from that money 35.7 Million between 2008 and 2016.It appears that that he got that money from the contracts he got from the municipality. All that findings were obtained
Eskom expected to increase price soon , see why. [opinion]
The National Energy Regulator of South Africa (Nersa) has gotten another disaster in court, with Judge Jody Kollapen giving a between time demand on Friday for the relationship to deal with Eskom's duty applications for 2022/23 that were submitted in June. In any case, the City Press reports that Nersa plans to continue with its battle with Eskom to apply its inclined toward norms over the 2023/24 period — and this could achieve extended power costs.
Expect Eskom price increase soon. [Opinion]
The National Energy Regulator of South Africa (Nersa) has gotten one more mishap in court, with Judge Jody Kollapen giving a between time request on Friday for the association to handle Eskom's tax applications for 2022/23 that were submitted in June. Notwithstanding, the City Press reports that Nersa plans to proceed with its fight with Eskom to apply its favored standards over the 2023/24 period — and this could bring about expanded power costs.
Guptas state capture loot paid Zuma’s legal bills, Zondo hears.
The Gupta family's money laundering network was so competent that Jacob Zuma's litigation expenses are covered using state capture earnings. Raymond Zondo, Deputy Chief Justice, during the state capture commission at Braamfontein. Neil McCartney (photo) The Gupta family's laundering money system of corporations was always so comprehensive, the Parliamentary inquiry into State Capture revealed on Tuesday, that Jacob Zuma's legal fees – amounting to hundreds of thousands of rands – were reimbursed from either the revenues of government corruption.
Emotion runs high at the State Capture Commission as Minister Pravin Gordhan is being cross-examined
Emotions have run high during the cross examination at the State Capture Commission in Johannesburg of Minister Pravin Gordhan by Tom Moyane's legal counsel Dali Mpofu. Moyane's legal team first accused evidence leader Matthew Chaskalson of wasting time by allowing Minister Gordhan to give long replies on matters that they claimed were already public knowledge. During the cross-examination Mpofu accused Gordhan of arrogance after the Minister refused to give a yes or no answer. "Chairperson I think If Mr.
Update:McKinsey To Pay The R870 Million In The Next Two Days
JOHANNESBURG - The state catch commission on Thursday said counseling firm McKinsey had focused on reimbursing R870 million to Transnet in the following two days. The firm said it would take care of all charges acquired from sporadic agreements with the rail office and Eskom with interest. McKinsey cooperated with Salim Essa's Regiments and Trillian and procured many millions.
Gupta-linked Entities Scored R16bn Of R49bn Lost Via State Capture – Paul Holden
Head of examinations at Shadow World Investigations Paul Holden has uncovered how billions of rand was guided from the state and into Gupta-connected undertakings during that time of state catch. While over R49 billion has been dispensed by organs of the state in consumption spoiled by state catch, the Gupta undertaking brought in over R16 billion of that cash through three different ways, clarified Holden.
Joburg Mayor Geoff Makhubo Had Corrupt Dealings With Suppliers: Zondo Lawyer
State catch request proof pioneer advocate Matthew Chaskalson will appeal to director vice president equity Raymond Zondo to find that Joburg chairman Geoff Makhubo was in "a bad relationship" with city specialist organizations.Chaskalson's accommodation will be established on the framework of Makhubo's declaration to the request about him purportedly unduly profiting by organizations, for example, EOH during his time as ANC Joburg provincial financial officer and individual from the mayoral council liable for account in the ANC's last spell as altogether leader of the city.