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Thread: Mac's dodgy millions

  1. #1
    Still a Mod MickeyD's Avatar
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    Default Mac's dodgy millions

    As I wrote in the other thread... Mac has now made himself a HUGE target.

    The chickens are comin home to roost.

    Paper trail leads from arms company Thales to Maharaj and his wife Zarina

    PRESIDENT Jacob Zuma's spokesman Mac Maharaj stands accused of receiving millions in bribes from French weapons maker Thales, the company that will be at the centre of the government's arms deal inquiry next year.

    A two-month Sunday Times investigation has uncovered a paper trail that leads from the arms company to Maharaj and his wife Zarina.

    Schabir Shaik, Zuma's former financial adviser who was convicted of corruption in the arms deal trial, was the conduit used by Thales to channel the money to Zarina Maharaj.

    The "missing link" obtained by the Sunday Times is a consultancy agreement, never before disclosed, between Thales predecessor Thompson CSF and Shaik's company Minderley Investments, registered in the British Virgin Islands.

    The agreement shows that secret payments totalling 1.2 million French francs (R2.3-million) went from the arms dealer's French bank to offshore bank accounts belonging to Maharaj's wife Zarina just two months before her husband's department awarded the French company a controversial credit card licence tender worth R265-million.
    The payments were made between 1997 and 1999, while Maharaj was minister of transport. During this time his department awarded a R2.5-billion tender for the N3 toll road between Johannesburg and Durban and a R265-million contract for credit card driver's licences to consortiums in which Shaik's Nkobi Holdings held stakes.

    At the time Shaik was also a director of Thales, which owned a 33.3% stake in the Prodiba consortium that won the shady credit card driver's licence deal.

    No one has been able to prove a direct link between gifts and payments received by the Maharajs and Thales - until now.
    Documents from the Swiss district attorney's office, which in 2004 obtained the court order for statements of Shaik and Zarina's Swiss bank accounts, show that Shaik's company Minderley Investments was merely a conduit to channel the Thales money to Maharaj.

    The statements show the money was paid from Thales's BNP Paribas account to Minderley Investment Inc's account 95436 at Banque Alliance SCS in Geneva on October 11 1996 and March 11 1997. Each time the transfers from Thales to Shaik's Minderley account are matched days later by Minderley's payments to Zarina's accounts.

    On October 11 1996 IDMatics paid Fr600000 to Minderley. Five days later Minderley paid Zarina Fr579999. Zarina then transferred the dollar equivalent - $96000 - to her Isle of Man account number 11444107 at Allied Dunbar bank.

    Then, in 1997, there is a similar trail of money. IDMatics paid Fr600000 to Minderley's account at Banque SCS on March 11, and two days later, Minderley transferred the equivalent $100000 to Zarina's Swiss account. Shortly thereafter, Zarina transferred $65000 to her Isle of Man account.
    Full story here: http://www.timeslive.co.za/politics/...dodgy-millions

  2. #2

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    Can anyone say "Streisand effect"?
    Last edited by biometrics; 20-11-2011 at 07:00 AM.

  3. #3
    SmoothOokerMaximus The_Unbeliever's Avatar
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    I just love the Streisand effect -the more things are covered up, the more exposure it gets.
    Is the 10 Commandments for Christians?

    Saturday is the Seventh day, Sunday is the first day.

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    & they'll still try to deny it & try to get the story squashed....

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    Super Grandmaster marine1's Avatar
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    Quote Originally Posted by Venomous View Post
    & they'll still try to deny it & try to get the story squashed....
    It is the ANC what do you expect?
    #FREEISRAEL

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    Super Grandmaster bekdik's Avatar
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    Can anyone please list those in the Zuma cabinet who arenot tainted by corruption?
    You only get one chance to piss off a client. After that they are an ex client ...

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    Super Grandmaster Hemi300c's Avatar
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    Quote Originally Posted by bekdik View Post
    Can anyone please list those in the Zuma cabinet who arenot tainted by corruption?
    Ok ok what about.......... umh eerm nope not that one either AAg alright you got me.
    ALL POSTS ARE IN MY PERSONAL OPINION
    "Pray for Our President Zuma and his party, Julius Malema, and Zimbabwean Robert Mugabe... Psalm 109:8".

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    Super Grandmaster zizo911's Avatar
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    Is Shabir even in prison?

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    Ancient Astronaut waynegohl's Avatar
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    The government is coining it with money from "ill gotten gains".

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    Quote Originally Posted by zizo911 View Post
    Is Shabir even in prison?
    No! Hasn't been there for ages! I see him every time I go and have lunch at Spigadore Restaurant in Durban, where they even have a dish named after him. He sits there like the Godfather whilst his adoring fans come and drool all over him!

  11. #11
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    I just saw old Hush Hush Maharaj try and deflect the whole saga on TV. Seriously, he is just putting his feet into his mouth again and again and again. Flabber flubber blah blah indignation shift point gesture flubber flim flam outrage rhubarb indignation.

    Eish. The wounded martyr on the pyre of unwarranted media attention.

    He has not denied anything, but maintains that his right to remain silent and not incriminate himself by the section 28 evidence was unconstitutional and that this law needs to be balanced by the section 41 amendment that guarantees the confidentiality of this testimony. His constitutional rights to this confidentiality have been violated by the M&G and it his and his families reputation that he is protecting with his legal proceedings. He even said that "the fact that they have not found any evidence to convict him on yet is proof that there is nothing to hide from"...

    Right. The fact that his lying thieving corrupt past is about to be exposed has nothing to do with the tatters of a reputation ? His actions have no consequence because it is guaranteed in section 41 that his incriminating testimony is never to be revealed.

    Hush Hush Maharaj banged on and on about Nick Dawes being a criminal and the criminality of the M&G by possessing the records of his testimony... tut tut tut.

    Hush Hush Maharaj is proving to be more damaging than any blacked-out newspaper copy. Every non-denial he barks at the camera just serves to underline that he is so desperate to suppress.

    What a chop!

  12. #12

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    I foresee a life threatening illness in his future and then a miraculous recovery

  13. #13
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    Quote Originally Posted by ajules View Post
    I foresee a life threatening illness in his future and then a miraculous recovery
    Heheheh... a table reserved for two at Spigadore Restaurant in Durban...

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    Ancient Astronaut waynegohl's Avatar
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    Mac Swindle will hold a press conference today about his dealings, will it be broadcast on the television?

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    Quote Originally Posted by waynegohl View Post
    Mac Swindle will hold a press conference today about his dealings, will it be broadcast on the television?
    It will not be a press conference... it will be more blah blah, huff n puff, point and gesture, indignation, flimflam, rhubarb, wave notes in the air, stair aggressively, rhubarb rhubarb, waffle waffle spin and wounded indignation.

    It would probably be televised, perhaps not live, but recorded.

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