The Democratic Alliance (DA) is planning to write to the tax man (SARS) and the Reserve Bank about President Cyril Ramaphosa’s mysterious $4 million that was allegedly stolen in his private farm in Limpopo in 2020.
This week, former State Security Agency director-general Arthur Fraser revealed the startling allegations when he opened a criminal case against Ramaphosa.
DA TO WRITE TO SARS ABOUT RAMAPHOSA’S US DOLLARS
Fraser opened a criminal case against Ramaphosa at the Rosebank Police Station in Johannesburg. He alleged that Ramaphosa intentionally declined to report the theft of $4 million dollars (R62 million) that had been hidden on his farm in Phala Phala, in Bela Bela, Limpopo, to SARS and SAPS. Fraser also alleged that the suspects were kidnapped and interrogated before being paid off for their silence.
DA leader, John Steenhuisen said Ramaphosa’s response to the allegations raises more questions than it answers.
In a response to the allegations, Ramaphosa said proceeds from the sale of game were stolen during the robbery.
Steenhuisen said they have a duty to the Republic to ensure that even the President is not above the rule of law and that there are many holes in the story that need to be filled.
“Firstly, we will be writing to the SARS Commissioner, Mr Edward Kieswetter, alerting him to this sum of money, and calling on SARS to investigate whether this sum was declared and whether it carries tax implications, as per the Income Tax Act and Tax Administration Act.
“Secondly, we will be writing to the South African Reserve Bank (SARB) to ascertain whether this sum of foreign currency pertains to an illicit flow of funds and potential money laundering on the part of the President, as per the Currency and Exchanges Act of 1933.”John Steenhuisen
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