Estimated reading time: 5 minutes
The Directorate for Priority Crime Investigation (DPCI) has confirmed that investigations into two cases of apparent theft of over R41 quadrillion are underway.
The claims spurring investigations by the Hawks match up with the allegations presented by senior ANC official Tokyo Sexwale last week. He claimed an obscene amount of money had been stolen from the public funds.
Sexwale’s original allegations were first made in an interview with ENCA. He said billions of Rands had been paid to the South African Reserve Bank from a so-called ‘heritage fund’, which has since gone missing. He claimed the fund contained trillions of Rands used by African nations for philanthropic and development purposes.
In the first case, the complainant stated he was appointed as a Forensic investigator on 6 May 2013 by the Presidency. In support of his appointment, a two-page document signed by the former employee of the Department of Public Service and Administration (DPSA) was attached as part of the 101-page document.
Hawks spokesperson Colonel Katlego Mogale explained the purported authority included documents titled Power of Attorney signed by numerous representatives of tribal leaders.
The complainant reports theft of gold worth one hundred and sixty-three trillion Rands (R163 000 000 000 000-00) was recorded between 1966 and 2021. The DPSA indicated that its former employee did not have the authority to sign the letter, which the complainant now uses.
The second case
The same complainant states that the Presidency appointed him through the DPSA on 6 May 2013.
In this case, he reports, in his 213-page document, the allegations of money laundering, fraud, theft under false pretences, high treason, and racketeering. The amount lost is recorded as forty-one quadrillion three hundred and thirteen billion one hundred and four million rand (R41 380 513 104 000 000-00).
Colonel Mogale says, “The theft includes the alleged monies stolen from former leader Gadaffi which was investigated and found to be untrue.”
Due to the seriousness of the matter, the spokesperson for the Hawks stresses, “The DPCI is systematically searching for the truth.”
She said, “Other allegations are reported to be the withholding of White Spiritual Boy and Spiritual Wonder Boy Accounts. Concerns include loaning money from International Monetary Fund (IMF) at high-interest rates when countries have enormous reserves in terms of White Spiritual Boy and Spiritual Wonder Boy Accounts.”
The DPCI has taken note of internet reports relating to “White Spiritual Boy and Spiritual Wonder Boy Accounts” worldwide. A notice has also been taken of the court judgement regarding Rosary Trust.
Colonel Mogale points out, “The National Head of the DPCI, Lieutenant General Lebeya, has personally perused the files and directed closer collaborations on the investigators of four matters that require similar attention. They shall be working closely with the prosecutors that handled these allegations in the past. The Hawks shall leave no stone unturned before reaching any conclusion on these matters.”
The National Treasury and the South African Reserve Bank (SARB) has since responded to Sexwale’s allegations in a joint statement.
In their statement, the entities explain, “Allegations made by Mr Tokyo Sexwale on alleged billions that have been deposited at the South African Reserve Bank (SARB) points to a common scam.”
Furthermore, the statement reads that over the years, National Treasury and the SARB have received many such requests for, or promises, of billions (and now trillions) of Rands or dollars, and from experience, regard these as simply scams. Any claim that such funds are meant for deserving causes such as COVID19 relief, social grants or grants for free education are simply empty promises, to secure the interest of the potential victim.”
Additionally, National Treasury and the SARB explain they have previously received correspondence from Sexwale and many others, who allege that billions of Rands have been stolen from a fund referred to as the ‘White Spiritual Boy Trust’, set up by a foreign donor.
On investigation, the SARB states it can confirm that it had no record of the existence of the said fund, and it had advised Mr Sexwale in writing that, given the SARB’s experience and knowledge of this and other similar matters, it could only conclude that the alleged fund was a scam. “It should be noted that Mr Sexwale is not the first prominent person acting on behalf of a Mr Webb or an unknown donor, for such funds, and such requests can be traced to many years before 2016.”
Moreover, the joint statement explains that the SARB can confirm that all cross-border transactions are reported to the SARB by commercial banks appointed as Authorised Dealers in foreign exchange transactions. “The SARB has concluded that there is no evidence to support the existence of such funds. If Mr Sexwale believes otherwise, the onus is on him and his unknown sponsor to provide independent written proof of the existence and/or transfer of such funds, as well as certified copies of actual identification and citizenship of such ‘donors’, in line with the normal FICA type anti-money laundering requirements. Allegations of theft of non-existent funds have no validity.”
What are your thoughts on the matter? Do you think these funds exist? Share your views in the comment section below.
- Estcourt bookkeeper sentenced for 555 counts of fraud—Hawks comment
- Newcastle’s explosion of beggars linked to increased crime
- Madadeni High Court sentences man for his role in R12 million cash heist
- Local scrapyard manager and three men arrested for stolen cables
- Newcastle businessman sentenced for defrauding people of nearly R7 million