The flow of money allegedly paid by the Free State Department of Agriculture and Rural Development to Nulane Investments, a company owned by former Transnet board member and Gupta associate Iqbal Sharma, has been the subject of weeks of scrutiny at the first State Capture trial under way in the Free State High Court in Bloemfontein.
Two of the accused, Peter Thabethe and Limakatso Moorosi, are former heads of the Free State department. It is alleged they unlawfully and wilfully contravened the PFMA, resulting in wasteful expenditure. He also testified that his investigation only focused on the transactions and flow of money between Gupta-linked companies and Nulane Investments between 8 November 2011 and 6 July 2012. He could not provide a reason why he had focused on that timeframe.
Rankuoatsana testified that he had followed the trail of the money up to where it had been deposited in Islandsite Investments’ Absa account. Once that had been done, it was mixed with other funds and was impossible to follow the destination of the money or determine its purpose.
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Source: TimesLIVE - 🏆 28. / 59 Read more »
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Source: SundayTimesZA - 🏆 47. / 51 Read more »
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Source: TimesLIVE - 🏆 28. / 59 Read more »
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Source: TimesLIVE - 🏆 28. / 59 Read more »
Free State judge summoned to court for RAF money launderingA Free State High Court judge is to appear in court for allegedly misappropriating Road Accident Fund money meant for a six-year-old child. When judges themselves become criminals... Sounds exactly like a ANC/Government move! pierredevos If found guilty, he must be imprisoned and permanently struck off the roll. A legal professional, a judge!!!!!
Source: TimesLIVE - 🏆 28. / 59 Read more »
Free State judge summoned to court for RAF money launderingA Free State High Court judge is to appear in court for allegedly misappropriating Road Accident Fund money meant for a six-year-old child.
Source: SundayTimesZA - 🏆 47. / 51 Read more »