Different sources funded Nkandla - report |
Publication |
News24 |
Date | 2012-11-21 |
Reporter | Sapa |
Web Link | www.news24.com |
Johannesburg - Evidence in
Schabir Shaik's fraud and corruption trial
has revealed where some of the money for
President
Jacob Zuma's Nkandla home came from,
Beeld reported on Wednesday.
According to the newspaper, Shaik - Zuma's
former financial adviser - asked French weapons
manufacturers for bribes, reportedly to help
Zuma fund the development of his home.
During Shaik's trial, which ended in 2005,
KPMG's forensic auditor Jan van der Walt
testified that money was obtained from various
third party sources to help Zuma pay a R1.3m
bill for a "cultural village".
According to other testimony, Bohlabela Wheels,
a subsidiary of Nora Fakude-Nkuma from
Mpumalanga, made payments amounting to R140 000
to the company charged with construction at
Nkandla.
Further evidence revealed that businessman
Vivian Reddy stood surety for the sum of
R400 000, which reportedly enabled Zuma to get a
R900 000 housing loan from FNB.
During Shaik's trial in the KwaZulu-Natal High
Court in Durban, it emerged that Reddy was also
responsible for repayment of the loan, and that
he made payments during 2003 and 2004. According
to testimony, an FNB home loan official
reportedly said in an internal e-mail: "I'm
convinced that the appropriate authorities will
help us bend the rules slightly."
Presidential spokesperson Mac Maharaj declined
to comment.
Zuma has R900 000 FNB bond - report - 21 Nov
Zuma has R900 000 FNB bond - report - 20 Nov
Zuma 'misled' Parliament: Opposition - 18 Nov
No bond on Zuma's Nkandla - 18 Nov
Nkandla: Zuma says still paying bond - 15 Nov
With acknowledgement to Sapa and News24.
There's alot more
than first meets the eye in the title "Different
sources funded Nkandla - report".