• News
  • Sport
  • TV
  • Radio
  • Education
  • TV Licences
  • Contact Us
No Result
View All Result
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • SCI-TECH
  • LIFESTYLE
  • FEATURES
  • OPINION
Home Politics

Hawks confirm investigation into Sexwale’s fraud claims

23 April 2021, 6:40 PM  |
Mercedes Besent Mercedes Besent |  @SABCNews
Tokyo Sexwale claims that the money was held in private accounts at the Reserve Bank and was unlawfully transferred into six accounts of commercial banks and individuals.

Tokyo Sexwale claims that the money was held in private accounts at the Reserve Bank and was unlawfully transferred into six accounts of commercial banks and individuals.

Image: SABC-News

Tokyo Sexwale claims that the money was held in private accounts at the Reserve Bank and was unlawfully transferred into six accounts of commercial banks and individuals.

The Hawks say it’s too early to speculate on the names of suspects implicated in allegations of fraud or theft of the so-called Heritage Fund.

Hawks confirmed that an investigation is under way after ANC veteran Tokyo Sexwale claimed that the money held in the so-called ‘White Spiritual Boy Trust Fund’ had been stolen.

He claims that the money was held in private accounts at the Reserve Bank and was unlawfully transferred into six accounts of commercial banks and individuals.

Hawks Spokesperson, Katlego Mogale, says, “The Directorate of Priority Crime Investigation (DPCI) can confirm that a case of fraud, alternatively theft, was opened with regards to the so-called Heritage Fund as reported by the complainant. It is too early in the investigation to speculate as to who the role players are and it is not the norm of the DPCI to reveal name of suspects or persons of interest before allegations are properly investigated and such suspects have been court.”

Sexwale held a media briefing on Thursday to clarify his claims that the money held in the White Spiritual Boy Trust Fund was stolen.

The businessman alleges that the fund was meant to help drive infrastructure development programmes on the continent and across all Indian Ocean Island States.

Below is Tokyo Sexwale’s full briefing:

He told the media that the fund was also meant to boost COVID-19 relief grants from R350 to R2 700 a month in South Africa. Sexwale also says the fund is based in Singapore and is owned by a Chinese investor called Chuck Leong.

According to Sexwale, he was joined by Godwin Webb as a joint mandate holder of the fund. The Reserve Bank and Treasury have denied the claims. They say Sexwale was scammed.

But, the Freedom Front Plus (FF-Plus) leader, Pieter Groenewald, says the response by Treasury and the Reserve Bank is not good enough.

“Allegations by Tokyo Sexwale about the existence of a Heritage Fund and the fact that that some of that money has been stolen must be seen in a serious light. A charge has been laid at the police according to certain newspapers. And the Freedom Front Plus wants to see that there is a thorough investigation. There mere fact that the Treasury and the Reserve Bank denies the existence of such fund is not sufficient. We must get all the facts. And the fact that a charge has been laid against Cyril Ramaphosa makes it more serious. And therefore, Ramaphosa to come clean about this matter and there must be a sufficient and effective investigation so that the public of South Africa know exactly what the real facts are,” says Groenewald.

Sexwale says he again wrote to Finance Minister Tito Mboweni to follow up. TS Presents copies of letters. “Who is scamming who”? He asks. He says he also again wrote to presidency #sabcnews pic.twitter.com/JJ5rY24sSZ

— Glory Sefako-Musi (@glorysefako) April 22, 2021

Congress of the People (COPE) says the allegations made by Sexwale are extremely serious.

COPE Spokesperson Dennis Bloem, says, “COPE expects that Sexwale must lay criminal charges of corruption and fraud against the Reserve Bank and all the people that he mentioned at his press conference – former President Zuma, President Ramaphosa, Minister of Finance Tito Mboweni, Director General of Treasury Dondo Mogojane and Reserve Bank Governor Lesetja Kganyago.

If Sexwale is not laying those charges the Congress of the People will go to a police station and lay this fraud and corruption charges against these people. We believe it will be very reckless and irresponsible of Sexwale to make these serious allegations against these people and not go to the police to investigate this crime.”

Mogale has confirmed that the matter is being investigated.

The allegations come in the same year when the Reserve Bank will celebrate its centenary in June.

Share article
Tags: HawksGautengJohannesburgANCTokyo Sexwale
Previous Post

VIDEO: Weekly Global COVID-19 Wrap, 23 April

Next Post

City of Tshwane wants control over the Women’s Living Heritage Monument

Related Posts

South Africa's Foreign Minister Naledi Pandor shakes hands with Russia's Foreign Minister Sergei Lavrov, ahead of their bilateral meeting in Pretoria, South Africa, January 23, 2023.

DA slams SA government for defending the military exercise with Russia

28 January 2023, 9:09 PM
Roy Jankielsohn

Jankielsohn re-elected DA Free State leader

28 January 2023, 6:09 PM
[File photo] EFF leader Julius Malema addresses a media briefing.

EFF cuts ties with IFP in KwaZulu-Natal

28 January 2023, 2:16 PM
Democratic Alliance Leader John Steenhuisen.

DA hopes to gain more ground in the Free State

28 January 2023, 1:22 PM
Central Karoo mayor Gayton McKenzie at work.

Mckenzie warns new Joburg Mayor about DA insults

28 January 2023, 11:27 AM
ANC Secretary-General Fikile Mbalula addressing the media in Nasrec, December 2022.

Ramaphosa to announce an energy emergency package

28 January 2023, 9:37 AM
Next Post
The monument serves to recognise the contribution of women in the liberation struggle.

City of Tshwane wants control over the Women's Living Heritage Monument

Most Viewed

  • 24hrs
  • Week
  • Month
  • Scorcher predicted in Northern Cape for two weeks
  • Residents shut down Komani over power woes
  • ANC slams DA’s march to Luthuli House
  • No registration fee will be charged to NSFAS-funded students: Nzimande
  • Limpopo man arrested after discovery of his wife’s body in water-filled pit toilet
  • Parts of the Northern Cape to be exempted from rolling blackouts
  • VIDEO | St Benedict College’s Matric learner gets 11 distinctions
  • Limpopo matriculant from child-headed household attains diploma pass
  • Female circumcision practice thriving in Eastern Cape
  • Premier denies claims that KZN government spent millions on Mampintsha’s funeral
  • Limpopo man arrested after discovery of his wife’s body in water-filled pit toilet
  • Gas leak shut, isolated in Pretoria North
  • Mahlengi Bhengu replaces Pule Mabe as ANC chief spokesperson
  • EFF cuts ties with IFP in KwaZulu-Natal
  • Malema calls on South Africans to reject Just Energy Transition

LATEST

Jacob Zuma
  • South Africa

Decision on Judge Koen on recusal matter in case involving Zuma to be heard on Monday


Models present creations at the Gucci Fall/Winter 2023/2024 menswear show in Milan, Italy January 13, 2023.
  • Lifestyle

Gucci names De Sarno as creative director with the task of reviving the brand


People carry a banner reading " We are also teaching fighting" as school workers demonstrate for better salaries and working conditions, in Lisbon, Portugal January 28, 2023.
  • South Africa

Tens of thousands of teachers march in Lisbon to demand better pay and conditions


The Lebombo Border Post between South Africa and Mozambique.
  • South Africa

Stolen cars recovered near Mozambican border


South Africa's Foreign Minister Naledi Pandor shakes hands with Russia's Foreign Minister Sergei Lavrov, ahead of their bilateral meeting in Pretoria, South Africa, January 23, 2023.
  • Politics

DA slams SA government for defending the military exercise with Russia


Crew members signal to a F/A-18E Super Hornet fighter jet preparing to take off for a routine flight on board the U.S. USS Nimitz aircraft carrier during a routine deployment to the South China Sea, Mid-Sea, January 27, 2023.
  • World

US four-star general warns of war with China in 2025


Weather

  • About the SABC
  • Contact Us
  • Jobs
  • Advertise
  • Disclaimer
  • Site Map

SABC © 2022

No Result
View All Result
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • SCI-TECH
  • LIFESTYLE
  • FEATURES
  • OPINION

© 2022

Previous VIDEO: Weekly Global COVID-19 Wrap, 23 April
Next City of Tshwane wants control over the Women’s Living Heritage Monument