ANALYSIS: Money laundering is a serious crime, but it does not fall within the ambit of the Public Protector

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ANALYSIS: Money laundering is a serious crime, but it does not fall within the ambit of the Public Protector By Pierre De Vos pierredevos

If you steal millions or even billions of rand , one of the biggest problems you are going to face is how to disguise the criminal taint attached to the funds.

To simplify slightly, you will be guilty of money laundering if you know or ought reasonably to have known that money is or forms part of the proceeds of unlawful activities and you deal with the funds in such a way that it “has or is likely to have the effect of concealing or disguising the nature, source, location, disposition or movement of the said property or the ownership thereof or any interest which anyone may have in respect thereof”.

The money laundering aspect of the Public Protector’s “investigation” deals with one private person or business channelling money to another private entity and is therefore completely beyond the scope of the powers of the Public Protector.

to justify the extension of her probe beyond the question of whether President Cyril Ramaphosa lied to Parliament about the Bosasa donation. In the Oilgate case, the then Public Protector held that he could not investigate a complaint about money from PetroSA being channelled through a private company into the coffers of the ANC because the money stopped being “public funds” when PetroSA transferred the money to the private company. The court rejected this argument because the essence of what was to be investigated was public money unlawfully being channelled from a state-owned enterprise to a private company and then on to the ANC.

 

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jacquescupido12 pierredevos The super professor of factions has been depployed Oom Jacques, ThumaMina😂😂😂😂😂😂😂😂

pierredevos Someone will lay charges. Where is OUTA, the DA and the rest. Zuma faces charges relating to money laundering. Why not Cup cake?

pierredevos Only if that money did not end up in the President and or his foundations.

pierredevos That I not the debate.Yhe issue is whether Maimane asked the PP to investigate the Money Laundering and the answer I YES HE DID.Then you can come in with issues of Jurisdiction and on the face of it, you may be right based on understanding that money did not go to him...

pierredevos GUPTA PROTECTOR DOESN'T RESPECT THE LAW

pierredevos I am trying to solve in my mind if aliens discovered plastic by accident like us but now disturbed by CyrilRamaphosa,PublicProtector and Our_DA. I will have another time for aliens and plastic. It seems AdvBMkhwebane must go back to school to learn again

pierredevos So why did you not comment on this when the DA initially asked her to investigate you will be telling us its outside the scope of the Zondo commission and if it fails you will tell us NPA cant waste resources on petty issues

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