Zuma: Payments from Shaik were loans

BBSA

BBSA

Honorary Master
Joined
Jul 11, 2005
Messages
30,227
Reaction score
28,804
Location
People's Republic of South Africa
Jacob Zuma on Tuesday alleged that the more than R4-million payments he received from fraudster Schabir Shaik since the late 1990s were loans.

It was the first time Zuma spoke out on the criminal charges against him that were withdrawn by the Durban High Court on Tuesday morning. This comes after the acting National Director of Public Prosecutions, Mokotedi Mpshe, announced on Monday that the charges against Zuma would be dropped because of undue interference in the prosecuting process.

Zuma has in the past steadfastly refused to make public his possible defence against the state's charges of corruption and fraud. He recently provided the National Prosecuting Authority (NPA) with representations on the charges against him, including the secret recordings that have led to the dropping of charges.

On Tuesday he told a packed press conference in Durban that the monies he received from Shaik were loans.

"I paid back some of the money. When I got my pension, I paid Schabir Shaik, which was from the MK Pensions Fund. It is on the record in court documents that there were loans. I paid it a long time ago; when I was still in KwaZulu-Natal [Zuma was provincial minister for finances] I repaid part of the loan. I have no hidden agenda on that," Zuma said.

Shaik, Zuma's former financial adviser, was convicted of corruption and fraud in 2005 by the Durban High Court and sentenced to 15 years' imprisonment. He was released on medical parole a month ago.

In his case Shaik's defence was also that he had a loan agreement with Zuma and that acknowledgements of debt for R340 000 were signed by the former deputy president. He could, however, not produce the original loan agreement between him and Zuma and Judge Hilary Squires rejected Shaik's defence on numerous grounds.

Squires found that Shaik had no idea about how much his Nkobi companies were paying Zuma and that a limit of R2-million, that was alleged the limit set by Shaik to Zuma, was long exceeded.

"When one compares that difference in the answer in cross-examination to his original statement that he lent these sums out of friendship and did not mind if they were never repaid, it becomes difficult to know just where the truth of the matter lies," Squires said.

He further found that the Nkobi Group was in no position to keep on paying Zuma's expenses and that the group's dire financial position was further proof that the payments to Zuma weren't loans.
Click to expand...

Link

:D
 
Corruption to the core... Only in Africa can the politicians do crime & get away with it... and still get elected to office :eek:
... I'm sorry to say that the majority of Black's don't care or know the difference...
... and the rich White's care only that they make money from it

Sorry people.. unless you fight it... you are in a lose-lose lifestyle​
 :(
 
I'm glad that Zuma is not going to court! Now he has no chance in hell to clear his name. The stigma of corruption will follow him around until his dying day! :D He will never be able to get rid of the snide comments and furtive looks. Everybody who does dealings with him will wonder if they are gonna get screwed over or taken for a ride. Nobody will ever really trust the guy again... including his own "crowd". I hope they all stab each other in the backs.
 
Garyvdh said:
I'm glad that Zuma is not going to court! Now he has no chance in hell to clear his name. The stigma of corruption will follow him around until his dying day! :D He will never be able to get rid of the snide comments and furtive looks. Everybody who does dealings with him will wonder if they are gonna get screwed over or taken for a ride. Nobody will ever really trust the guy again... including his own "crowd". I hope they all stab each other in the backs.
Click to expand...

I almost agree... but what about a little reputation for the country... it reflects us... :(
and worse... those overseas bankers and companies are going to rub their hands & sniger... "Here's an easy tit to bribe... and the country don't mind either"
The worst of that scenario is that we still end up paying for the dealings & corruption after the tit is dead & buried :eek:
 
TonyHawk said:
I almost agree... but what about a little reputation for the country... it reflects us... :(
and worse... those overseas bankers and companies are going to rub their hands & sniger... "Here's an easy tit to bribe... and the country don't mind either"
The worst of that scenario is that we still end up paying for the dealings & corruption after the tit is dead & buried :eek:
Click to expand...

As a human being who puts honesty very high on her list, it is hurtful to look at someone standing at a press conference and saying: "I am innocent" when everything points in the opposite direction.

Seems he is always innocent - it's the one mantra he keeps repeating.
 
One day, Shakey my boy...one day when I am the ruler of this land, and you are my right hand man, I will pay you back everything and more. Fifty times ova!
 
Flanders said:
One day, Shakey my boy...one day when I am the ruler of this land, and you are my right hand man, I will pay you back everything and more. Fifty times ova!
Click to expand...

He already repaid it with all the government contracts he organised for Shakey.
 
Garyvdh said:
I'm glad that Zuma is not going to court! Now he has no chance in hell to clear his name. The stigma of corruption will follow him around until his dying day! :D He will never be able to get rid of the snide comments and furtive looks. Everybody who does dealings with him will wonder if they are gonna get screwed over or taken for a ride. Nobody will ever really trust the guy again... including his own "crowd". I hope they all stab each other in the backs.
Click to expand...

Yeah but he'll still be elected to office and that's very scary
 
You must log in or register to reply here.
Back
Top
Sign up to the MyBroadband newsletter
X