Reddy silent on Zuma funding |
Publication |
The Times |
Date | 2012-11-20 |
Reporter | Nivashni Nair |
Web Link | www.timeslive.co.za |
Vivian Reddy
Image by: Picture: SUPPLIED
"My dealings with the president are private and
not for public disclosure.
"I am not prepared to disclose the full extent
of our personal relationship and finances other
than what is in the public domain, and that is
the R500 000 that was mentioned in the Schabir
Shaik trial," he said.
Evidence in Shaik's fraud and corruption trial
showed that Reddy arranged a R90 000 bond for
Zuma in 2002, signed surety for the payment of
the loan and paid the monthly instalments until
2004.
Reddy, who claims that Zuma repaid him, also
made several payments to the contractors
developing the first phase of Nkandla in 2000,
when Zuma was cash-strapped.
At the time, the development cost R2.4-million,
excluding VAT, but the price was later lowered
to R1.3-million.
Shaik, Zuma's former financial adviser, told the
court at his trial that he had nothing to do
with Nkandla.
The convicted fraudster yesterday said he did
not financially contribute to Nkandla and had
wiped his hands of the development because, at
the time, he had advised Zuma that several
quotes from contractors were not in his best
interest.
Shaik, who was released on medical parole after
serving only 28 months of his 15-year sentence,
said he was no longer in contact with Zuma and
therefore preferred not to comment on the recent
claim that R250-million of public funds had been
spent on upgrading the president's homestead.
"I really have no comment as my dealings with
Nkandla are old.
"I have not been in contact with the president.
I wish him luck but I really have nothing to say
about what has been going on," he said.
Last week, Zuma told parliament that he was
still paying off the bond for the Nkandla
homestead - but public records show no sign of a
bond over Nkandla.
The Ingonyama Trust, which owns the land the
home is built on, has no knowledge of a bond.
Presidential
spokesman Mac Maharaj yesterday said he was not
prepared to comment at this stage.
With acknowledgement to Nivashni Nair and Sunday Times.
Like Mugabe, Zuma
is a political front man for the real McCoys
behind the scenes.
As the Project Bumiputera Team charged and Judge
Hilary Squires judged, this is a criminal
symbiosis, each one feeding off the other.
The efforts, investments and risks of other 49
million taxpayers of all races and creeds fund
this swill.
And then there are Thomson-CSF, Thyssen,
Ferrostaal, British Aerospace, Siemens, DASA and
Saab.
The only offset is that's quite fun trying to
capture these big fish.
If at first one does not succeed, one tries and
tries and tries again.
Not a great bag so far though.