News360 is a news blog. For your news update around South Africa.

ANCYL exposed criminal documents, says Malema must spend time in jail over charges of money laundering, corruption and fraud relating to his Ratanang Family Trust

Sequel to the bitter verbal exchanges  between the Julius Malema and the ANCYL leader, which  has now degenerated, forcing the youth league to throw up  hidden implicating documents to the fore. The grave allegations by the youth wing of the ruling party if  substantiated could earn Malema possible jail time.

Years back  during her investigation Public Protector Thuli Madonsela had found that Malema made his millions from a fraudulent tender.

Although Madonsela could not find evidence that Malema interfered in the tender process, she found that his Ratanang Family Trust benefited “improperly”, the newspaper reported.

This was according to a copy of Madonsela’s provisional report into the R52 million tender won by On-Point Engineers from the Limpopo roads and transport department.

Malema’s family trust was one of the two shareholders in On-Point.

The press reported, in another article, that the SA Revenue Service (Sars) had obtained a R16m judgment against Malema for unpaid taxes.

Malema faced charges of money laundering, corruption and fraud relating to his Ratanang Family Trust and its shareholding in On-Point Engineering, a company which allegedly made millions from Limpopo government tenders.

The ANC Youth League has condemned what it termed the use of state resources to settle political scores, in reference to charges brought against its former president Julius Malema.

The first time these charges were laid against Malema, the media released information before time that  the then youth president would be arrested, which kept him on his guard.

According to the embittered league spokesperson:

“We were shocked by these developments as the warrant was timely executed to coincide with a long weekend,” the ANCYL said in a statement on Tuesday.

“This, in our view, was meant to ensure that he spends the whole weekend in jail.”

“Such lack of restraint and conniving was meant to feed further into the court of public opinion that is in session in the media,” it said.

South Africa’s legal system upheld the presumption of innocence until proven guilty.

However, what had recently happened was not in line with this principle.

The ANCYL trusted that the criminal justice system would carry out its work with integrity and credibility.

Earlier,  Malema was to appear in the Polokwane Regional Court  on fraud and money laundering charges.

He would appear with five other people and four companies.

 

 

Leave A Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy