Monday, October 26, 2020

South Africa: Former President Zuma to appeal decision he must face multiple corruption charges

-

Former South African president Jacob Zuma will appeal a high court decision to deny him a permanent stay of prosecution on charges related to a $2 billion arms deal, his lawyers said on Tuesday.

Zuma, in office from 2009-2018, had applied for the stay of prosecution for alleged fraud, racketeering and money laundering relating to the deal to buy European military equipment for South Africa’s armed forces in the 1990s.

On Friday the Pietermaritzburg High Court dismissed the application by Zuma and his co-accused, French arms company Thales.

“Mr Zuma elects to exercise the full extent of his constitutional rights, which includes the right to appeal (this) … decision,” Zuma’s lawyer, Thabani Masuku, told the court, where pre-trial proceedings were set to start.

Zuma’s lawyers and state prosecutors had agreed to provisionally set down Feb. 4, 2020 as a trial start date. But State prosecutor Billy Downer said the state intended to oppose the appeal, potentially delaying any trial deep into 2020.
- Advertisement -

Ousted by the ruling African National Congress in February 2018 after two terms in power marked by corruption allegations and economic stagnation, Zuma has claimed the charges are a politically motivated conspiracy.

He repeated the claim during testimony at a judicial corruption inquiry July as well as in his few public appearances to rally his supporters.

Outside court on Tuesday, Zuma ascended a mobile stage to a chorus of ululations and his campaign song, telling the crowd of a couple of hundred that he deserved a clear explanation of why his stay of prosecution application was denied.

“I’m used to this kind of treatment but I don’t want to say too much,” Zuma told the crowd. “When you are a black person in this country you will be attacked and mistreated all the way to the grave.”

- Advertisement -
- Advertisement -

MUST READ

Julius Baer to deny two former CEOs their bonuses over money laundering scandal

Julius Baer will withhold millions of francs in bonuses from its former chief executives Boris Collardi and Bernhard Hodler, as a result of a...

Goldman Sachs executives to cover part payments of $3 billion fines in 1MDB scandal

Nine current or former Goldman Sachs executives, including CEO David Solomon, will have to pay back hundreds of millions of dollars in compensation over...

Goldman Sachs agrees $3 billion settlement with US DoJ over 1MDB corruption scandal

Goldman Sachs has agreed to pay nearly $3bn (£2.3bn) in the US to end a probe of its role in Malaysia's 1MDB corruption scandal. The...

Hong Kong fines Goldman Sachs $350 million over 1MDB scandal

Goldman Sachs ignored multiple red flags over the multibillion-dollar fundraisings it arranged for state fund 1Malaysia Development Berhad, Hong Kong’s financial regulator said on...

Texas attorney general Ken Paxton fires top aide who accused him of bribery

Lacey Mase, one of the top aides who accused Texas Attorney General Ken Paxton of crimes including bribery and abuse of office, has been fired, she told The...

Subscribe For More

Get our daily notification on the latest financial crimes news around the World

Advertisement
Advertisement

Latest News

This Week

Brother of ex-Pakistan PM Nawaz Sharif jailed for money laundering

Pakistan Muslim League-Nawaz (PML-N) chief and Opposition Leader in the National Assembly Shehbaz Sharif was sent to jail on Tuesday in a money laundering...

Former Blue Bell Creameries CEO indicted for fraud linked to 2015 listeria outbreak

The former president and CEO of Blue Bell Creameries L.P., a Texas ice cream company, was indicted Tuesday on wire fraud charges in connection with a scheme...

Two U.S. Navy service members get prison for defrauding military insurance program

Two U.S. Navy service members were sentenced in San Diego federal court Friday for their roles in an insurance fraud scheme that involved making false medical claims to...

Newark city councilman charged in bribery and kickback scheme

Joseph A. McCallum Jr., a city councilman in Newark's West Ward, has been accused of taking part in a "bribery and kickback" scheme involving...
Advertisement

Adblock Detected!

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Enable Notifications    Ok No thanks