"Nobody received a payment that did not relate to the services provided for the campaign. If there was a beneficiary, it was CR17 and everything it stood for. & # 39;
Public Protector Busisiwe Mkhwebane says there is "merit" when President Cyril Ramaphosa has used a series of trusts and complex financial transactions to conceal "money laundering" of more than R440 million for his ANC Presidential campaign donated.
These findings are included in their report released on Friday, which found that Ramaphosa's campaign received hundreds of millions of marginal donations.
The money was managed by Ramaphosa's CR1
These were the trust account EFG2 of the law firm Edelstein Faber Grobbler, the trust account CR17, the trust account Ria Tenda, the trust account of the Cyril Ramaphosa Foundation and a service provider named Linkd Environmental Services.
The one on the friday ag's published report from Mkhwebane concluded that these transactions believed the allegations that it was possibly money laundering.
The law firm was responsible for distributing the campaign funds that were transferred to the EFG2 trust account.
The report follows Mkhwebane's investigation into whether the controversial company Bosasa donated R500,000 for Ramaphosa's campaign.
She found that the money was passed through intermediaries before it finally landed on the EFG2 account.
In October 2017, the R500 000 from the personal account of Bosasa CEO Gavin Watson was transferred to Miotto Trading, a company owned by Bosasa's tax adviser Petrus Venter and his sister.
The money was transferred from Miotto Trading to the EFG2 account.
Given the more general allegations of money laundering, Mkhwebane said she needed to look into other monies received on the EFG2 account. This led them to the Ria Tenda Trust Account, the Cyril Ramaphosa Foundation Trust, the CR17 Campaign Account and the Linkd Environmental Services Account.
"I have evidence that part of the money collected through the CR17 account has been transferred to the Cyril Ramaphosa Foundation's account. I have evidence that part of the money collected through the CR17 campaign account has also been transferred to the Cyril Ramaphosa Foundation's account, from where it has also been transferred to other beneficiaries, "Mkhwebane said in her report.
The EFG2 account has paid the funds to the other accounts used by the campaign.
"I can confirm that large sums of money from various benefactors have been transferred to the EFG2 escrow account for the CR17 campaign, from where it was received by the lawyers of several beneficiaries, including the Ria Tenda Foundation, Linkd Environmental Services and the Cyril Ramaphosa Foundation, paid just to name a few. "
Mkhwebane noted that more than R $ 191 million was spent on the EFG2 escrow account between December 6 and January 1 of last year and R $ 90 million was deducted from the account during the same period.
"In conclusion to the above revelations in connection with the exchange of large sums of money, some of which have come from private individuals, I would like to express my preliminary view that, on closer inspection, such a scenario carries the risk of government takeover by those who donate these funds to the campaign. "She wrote.
" Based on the facts and the evidence presented in my investigation, I have come to the conclusion that the suspicion of money laundering mentioned in the complaint is justified. I have lived in my office.
When Ramaphosa taught Mkhwebane about law firm Harris Nupen Molebatsi, he informed him that from September 2015 to May 2016 he had funded his own 200,000 Rand campaign because he had no sponsors.
- Apart from his own donations and the donations of campaign campaigners James Motlatsi, Sifiso Dabengwa and Donné Nicol, Ramaphosa did not know the identity of other donors.
"The Finance Committee oversaw all campaign finances and was responsible for ensuring that the funds were used sparingly and for the purpose for which they were intended, namely to pay for the campaign's expenses," Ramaphosa said. No one, he said, benefited from funds earmarked for his campaign.
"No person received a payment that did not relate to the services provided for the campaign. If there was a beneficiary, it was CR17 and everything it stood for, "he said.
From the sums he submitted, Ramaphosa loaned millions of margins of his own money for his campaign.
On September 12, 2017, he donated R5 million to Ria Tenda's account and five days later he lent another R20 million.
He has given his campaign a further 11 million R, which he deposited in two installments with Ria Tenda on 6 December 2017 and on 28 July last year.
The donation team contacted a number of donors and asked them to deposit their contributions either on the EFG2 account or on the Ria Tenda account, Ramaphosa said in his submission.
On May 30, 2017, Nicol advised EFG to forward all payments made to the EFG account to Ria Tenda or Linkd.
"Linkd and the Ria Tenda Trust would then pay out payments on instructions from the Fundraising Committee. However, after the founding of the Ria Tenda Trust, no payments were made by EFG to Linkd. All payments from the EFG2 account have been made to the Ria Tenda escrow account, "Ramaphosa said in his statement.
"CR17's funds were accordingly raised by party members, the president himself, as well as party fighters and interested parties. "19659003] Neither Ramaphosa nor any member of his family got any money from the campaign, he said.
"In fact, the president has contributed 6.2 million rand to the campaign and has given the campaign a further 31 million rand, of which the campaign has only reimbursed it to Rand 21.5 million," it says in its post.
Ramaphosa also rejected questions about campaign funds paid to his foundation.
He argued that the Cyril Ramaphosa Foundation rightfully earned the money for providing services such as housing to the CR17 campaign.
Ria Tenda was assigned to receive donations for his campaign, adding that he did not play a role in building the Ria Tenda Trust.
Likewise, Ramaphosa, Linkd, who has been operating since 2008, has nothing to do with him.
In 2017, Ria Tenda and Linkd signed a service agreement in which the company agreed to provide accounting and financial management services to the Ria Tenda Trust.