Posts tagged with 'money laundering'

 

R120 Million Cash Stolen from ATMs and Banks During ANC Riots, Financing More Organized Crime and Corruption!

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More than R120 Million in hard cash was looted from ATMs and banks during the recent ANC violence that swept through parts of Gauteng and KwaZulu-Natal in mid-July. This amount is much higher than the initial estimates and does not include the repair costs.

At least 1,227 ATMs and 310 bank branches were vandalized or destroyed between July 9 and 17, during the period of violent looting that left hundreds of shops in ruins, killing more than 300 people. This is according to the latest count by the South African Banking Risk Information Center (SABRIC), which outlined the serious consequences of the “unprecedented destruction” ‘of banking infrastructure.

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Future of SA is bleak after ANC-regime ruled a once model state into junk status and sh*thole

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It is clear that South Africa has become so fragile in the financial field that overall poverty, with the exception of a few wealthy people, will lead to the necessary change in governments.

Who will be the new rulers is currently a widely debated topic, but there is also the feeling that the ANC will remain in control at the national level.

The official opposition parties may form a government as a coalition, but in Africa it does not work, and such a merger will only provide temporary solutions.

However, it will not provide solutions that will bring South Africa back on the road to success, as none of the smaller parties has the strong leaders to protect the country from corruption, money laundering, murder, and dozens of other problems.

Whoever takes over from the ANC will do nothing better than today’s weak rulers.

The possibility of a homeland for the Boer-Afrikaner is the only way to set up a good government that will, with good judgment, lead the
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South-Africa: Since apartheid was abolished, 1,000,000 people have been raped, 500,000 killed

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According to the Institute of Racial Relations (IRV), crime statistics look like a low-intensity civil war and SA is still losing the fight against crime.

The people of the country are living under an impending cloud of anarchy every day. The Institute shows that murders have risen to 21,000 over the past year and SA is being compared to a country like Syria. The rape figure looks even worse with two rapes for each murder committed. Since apartheid was abolished, 1,000,000 people have been raped and 500,000 killed.

Commercial crime increased by 14%. More than 83,000 cases have been reported to the police. The offenses include fraud, corruption, money laundering, forgery and cyber crimes. Robberies have exceeded the 140,000 notch while truck hijackings show more than 1,180 reported cases.

South Africa’s murder rate has increased by 5,8 percent compared with the previous year.

The South African Police Service’s Major General Norman Sekhukhune briefed Parliame
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Some very expensive toilets I say! – Mayor of eThekwini in Hawks vision for allegations of money laundering, fraud and corruption after more than R25 million was spent on the rent and cleaning of chemical toilets

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It’s only a matter of time before the investigation unit descends to clean up the metro, which is pervaded by fraud, money laundering and corruption.

eThekwini Mayor Zandile Gumede and senior ANC councillor in the metro Mondli Mthembu face the possibility of arrest by the Hawks after the completion of a lengthy investigation into allegations of money laundering, fraud and corruption against them.

Following the arrest of three municipal officials on charges of fraud and theft early last week, City Press can today reveal that the Hawks have shifted their focus to Gumede and Mthembu and are ready to pounce on the two.

Two high-ranking police officials close to the investigation told City Press last week that Gumede and Mthembu’s arrest “is not a matter of if, but a matter of when”.

A senior Hawks official directly involved with the investigation said “the docket has been opened and I have seen it. The investigation has been complet
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Cheeky Watson pleads ‘not guilty’ to charges of fraud and money laundering

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Former Eastern Province Rugby Union (EPRU) president Cheeky Watson has pleaded ‘not guilty’ to charges of fraud and money laundering.

The trial got underway on Tuesday.

According to the HeraldLIVE website, Watson says he was unaware of any fraudulent activities and that he did not know that anything was wrong when Nadia Gerwel, a former assistant director of accounting at the Nelson Mandela bay metro, transferred R2.9 million into the EPRU bank account.

Another development from Tuesday was that a third charge, failure to report fraud, has been added to Watson’s charge sheet.

Watson, Gerwel, Andrea Wessels and Mandisi Mkasa are all accused of being involved in alleged fraudulent activities that amount to R12 million and centre around funds for Port Elizabeth’s Integrated Public Transport System.

This report does not necessarily reflects the opinion of SA-news.

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