FSB bigwig demanded ‘millions in bribes’

2014-06-20 11:05

Former chief financial officer of the Financial Services Board (FSB) Dawood Seedat has been accused of demanding millions of rands in bribes to make an audit disappear.

The Star reported today that in an affidavit, Africa Cash and Carry chief executive Edrees Ahmed Hathurani reportedly said he was told in June last year that his business was being investigated by Seedat.

Seedat reportedly told Hathurani at a meeting that he could use the SA Revenue Service (Sars) and the FSB to close down the business.

Hathurani was then told to pay R12 million to a Sars consultant. He reportedly made several payments between June and November last year, including a few to Seedat personally.

The last two payments were recorded on video. One reportedly showed Seedat accepting two boxes which contained R1.5 million and R500 000.

The FSB released a statement last Friday saying Seedat had resigned after “corruption allegations that have been levelled against him in his personal capacity”.

FSB chief executive Dube Tshidi told The Star the board did not have the power nor the infrastructure to investigate allegations that did not pertain to Seedat’s employment with the board.

Seedat’s lawyer Darryl Ackerman denied the accusations, while Sars spokesperson Marika Muller would not comment on whether there was an audit against Africa Cash and Carry

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