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The article in the 'Daily Maverick' deserves a proper read if only to show what the Reserve Bank is hiding away from us.
Ciex is prepared to get it all back on a contingency basis for 10% of whatever is returned to us, the 'Powers that be' are obviously asking what is in it for them?
"But there’s more – literally, a huge pot of gold out there which is yours for the asking. It’s the R26 billion which Public Protector Thuli Madonsela has targeted in her investigation into apartheid-era corruption proceeds.
Madonsela’s investigation, buried in the bluster of the Cele Report last month, appears to be founded on a 1999 report by a UK-based company named Ciex, run by a former chief of MI6, Michael Oatley.
The report outlines what the Sunday Independent recently described as “a smorgasbord of corruption and looting of public coffers in the final years of the oppressive apartheid regime”.
The report said the South African government could retrieve:
•R3.2 billion from Absa.
•R3 billion to R6 billion from Sanlam and Rembrandt, major investors in Bankorp.
•Up to R5.5 billion from French aerospace manufacturer Aero-spatiale/Daimler-Chrysler.
Ciex also claims that Armscor, the state arms company, siphoned R14.4 billion through “Luxemborg accounts, managed through the Paris Embassy”.
R26Billion (my calculator can't count that much) imagine how many
RDP houses (577million houses @ R45,000 ea, whew!!) or schools, clinics, hospitals and roads that could buy???
Imagine what it would do to our economy???
See also http://www.iol.co.za/sundayindepende...tPageLayout.ot
Ciex is prepared to get it all back on a contingency basis for 10% of whatever is returned to us, the 'Powers that be' are obviously asking what is in it for them?
"But there’s more – literally, a huge pot of gold out there which is yours for the asking. It’s the R26 billion which Public Protector Thuli Madonsela has targeted in her investigation into apartheid-era corruption proceeds.
Madonsela’s investigation, buried in the bluster of the Cele Report last month, appears to be founded on a 1999 report by a UK-based company named Ciex, run by a former chief of MI6, Michael Oatley.
The report outlines what the Sunday Independent recently described as “a smorgasbord of corruption and looting of public coffers in the final years of the oppressive apartheid regime”.
The report said the South African government could retrieve:
•R3.2 billion from Absa.
•R3 billion to R6 billion from Sanlam and Rembrandt, major investors in Bankorp.
•Up to R5.5 billion from French aerospace manufacturer Aero-spatiale/Daimler-Chrysler.
Ciex also claims that Armscor, the state arms company, siphoned R14.4 billion through “Luxemborg accounts, managed through the Paris Embassy”.
R26Billion (my calculator can't count that much) imagine how many
RDP houses (577million houses @ R45,000 ea, whew!!) or schools, clinics, hospitals and roads that could buy???
Imagine what it would do to our economy???
See also http://www.iol.co.za/sundayindepende...tPageLayout.ot
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