On the basis of it, he reached a plea deal with the National Prosecuting Authority (NPA) that has earned him a 15-year jail sentence on 33 charges of corruption, theft, money laundering and racketeering.
His affidavit implicates the EFF's top leadership - Julius Malema and his deputy Floyd Shivambu as well as Floyd's brother Brian Shivambu. About R16.2 million in VBS funds stolen from the stokvels and burials societies of the rural poor - were diverted to them, ostensibly as political donations to the party.
Daily Maverick reports that the VBS funds were used by Malema and Shivambu to purchase a restaurant in Soweto, a house for Shivambu's parents and to upgrade Malema's Sandton home.
Maverick's investigations showed how the life savings of the poor and vulnerable VBS depositors, as well as hard-scrabble municipalities, were transformed into school-related expenses for Malema's son and used to clothe the EFF leaders in Gucci and Louis Vuitton.
This story is from the July 20, 2024 edition of The Citizen.
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This story is from the July 20, 2024 edition of The Citizen.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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