Julius Malema Embezzlement Investigation

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Malema, Shivambu and the VBS scandal — is this the point of no return?

The publication of an affidavit from the former chair of VBS detailing how, on his version, he paid money to the EFF’s top two leaders is bound to put Julus Malema and Floyd Shivambu under more pressure than ever before. While the EFF will defend its leaders and point to President Cyril...

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The publication of an affidavit from the former chair of VBS detailing how, on his version, he paid money to the EFF’s top two leaders is bound to put Julus Malema and Floyd Shivambu under more pressure than ever before. While the EFF will defend its leaders and point to President Cyril Ramaphosa’s Phala Phala cash, it is battling to explain why it received so much money from the proceeds of crime.

Last Thursday night, Scorpio’s Pauli van Wyk published an affidavit composed and signed by former VBS chair Tshifhiwa Matodzi.
In the document, he explains that he asked to meet the leadership of the EFF because they had been attacking his bank after it lent money to former president Jacob Zuma to repay the debt he incurred through the Nkandla scandal.

Matodzi says at that meeting he agreed to make payments to the EFF’s leadership. In the end, on his version, he told them they had to open an account at VBS and he would “donate” R5-million immediately, with further regular payments of R1-million a month.

In the end, as Van Wyk has reported, Julius Malema and Floyd Shivambu decided some of the money should be paid into an account controlled by Shivambu’s brother Brian Shivambu.

Years later, Brian Shivambu had to admit that he had received the money for no good reason and repaid it.

Since the publication of Matodzi’s affidavit, the EFF eventually felt compelled to respond. It did this through its former national chairperson, the advocate Dali Mpofu.

In his defence of Malema and Shivambu, Mpofu starts by saying that Matodzi is a convicted criminal.

This is, of course, true. Matdozi will serve the first day of 15 years in prison this week — a sentence which presumably would have been much longer had he not written the affidavit.

Mpofu then claims that while Malema and Shivambu did meet with Matodzi to discuss their attacks on VBS, there is no link between the attacks on VBS and Matodzi’s decision to give the EFF what Mpofu says was a donation.

Mpofu claims that Matodzi met the EFF leadership and that at the meeting, it was agreed that the EFF would no longer attack VBS because they now understood the bank’s position.

At that same meeting, says Mpofu, Matodzi said he wanted to give the EFF a donation — but this had nothing to do with the EFF ceasing its attacks on VBS.

Mpofu goes on to explain why the money was not paid into an account controlled by the EFF. It would seem rational that the simplest way for the EFF to receive donations from VBS would be for the EFF (presumably through its treasurer-general) to open an account at VBS.

What happened to the money?

Instead, the money went into an account of the company Sgameka, controlled by Brian Shivambu, and not the EFF directly.

This gets to the heart of one of the questions around the VBS payments to the EFF: What was the money spent on?

As Van Wyk has reported, at least some of the money was used by Malema and Shivambu personally.

Money cannot be said to be a donation to the EFF if Malema used it to buy clothing by Gucci and Le Coq Sportif at Sandton City.

 

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[Seoul Gleou]

Why are you posting this, gramps

 

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It should not be forgotten that while the EFF is the focus of much of the reporting about Matodzi’s affidavit, this scandal was always primarily about the ANC.

Senior members of the party’s provincial leadership in Limpopo, including then treasurer Danny Msiza, were heavily implicated.

This means that any move by the NPA to charge Malema and Shivambu will have to include ANC leaders.

While there will be public pressure, correctly, on the NPA to act, it will be relying on the testimony of those who have pleaded guilty to a series of crimes.

This could make the court proceedings difficult.

That said, it seems impossible for the NPA not to act, not after such a bombshell. While Mpofu and the EFF may claim that no crime was committed, it remains wholly unexplained why VBS paid so much money to Malema and Shivambu.