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Godongwana allocates R426 million to state capture criminal cases

A senior National Treasury official has called the Guptas' and companies' looting of public funds "treasonous" and stated that the government will go to any length to ensure their imprisonment.

At a pre-budget briefing, National Treasury deputy director-general Ismail Momoniat stated that finance minister Enoch Godongwana had given him "full rights" to engage foreign governments and international law enforcement bodies to ensure that criminal charges against the Guptas and management consulting firms such as Bain & Company were instituted.

Bain repaid more than R160 million in dodgy management fees it had earned from the SA Revenue Service during the height of state capture, during which it played a role in weakening the tax institution, with interest, last year.

The minister has given me full authority, and we'll do anything to put them in jail... There are discussions with outside authorities. They [Bain] cannot simply get away with a payment; they must pay for their criminal intentions. "I believe they committed treason."

Godongwana, according to his budget documents, has allocated R426 million to the National Prosecuting Authority's Investigating Directorate and the Financial Intelligence Centre to strengthen their capacity for the prosecution of criminal matters arising from the state capture commission of inquiry.

This allocation, of which R262 million is from reprioritization, will fund the permanent appointment of 68 personnel in the Financial Intelligence Centre and an estimated 90 personnel in the Investigating Directorate.

Over the medium-term expenditure framework period, Legal Aid SA is reprioritised with R34.4m to capacitate the six newly established specialised commercial crimes units in Limpopo, Mpumalanga, North West, and the Northern Cape.

The government's peace and security cluster will be allocated slightly more than R663 billion over the next three years to intensify the fight against crime and corruption.

Sars commissioner Edward Kieswetter stated that the tax authority had conducted 650 investigations solely related to PPE. At least 43 of these have been handed over to the NPA for prosecution, with at least 11 convictions secured.

"The pace of progress is slow. It's arduous work. Many of you will find it too slow, but we'd rather work thoroughly and ensure a conviction than rush.

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Bain Godongwana Guptas' Ismail Momoniat National Treasury


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