Different sources funded Nkandla - report

2012-11-21 09:05
Nkandla (Cornél van Heerden, Beeld)

Nkandla (Cornél van Heerden, Beeld)

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Johannesburg - Evidence in Schabir Shaik's fraud and corruption trial has revealed where some of the money for President Jacob Zuma's Nkandla home came from, Beeld reported on Wednesday.

According to the newspaper, Shaik - Zuma's former financial adviser - asked French weapons manufacturers for bribes, reportedly to help Zuma fund the development of his home.

During Shaik's trial, which ended in 2005, KPMG's forensic auditor Jan van der Walt testified that money was obtained from various third party sources to help Zuma pay a R1.3m bill for a "cultural village".

According to other testimony, Bohlabela Wheels, a subsidiary of Nora Fakude-Nkuma from Mpumalanga, made payments amounting to R140 000 to the company charged with construction at Nkandla.

Further evidence revealed that businessman Vivian Reddy stood surety for the sum of R400 000, which reportedly enabled Zuma to get a R900 000 housing loan from FNB.

During Shaik's trial in the KwaZulu-Natal High Court in Durban, it emerged that Reddy was also responsible for repayment of the loan, and that he made payments during 2003 and 2004. According to testimony, an FNB home loan official reportedly said in an internal e-mail: "I'm convinced that the appropriate authorities will help us bend the rules slightly."

Presidential spokesperson Mac Maharaj declined to comment.

Read more on:    jacob zuma  |  pietermaritzburg  |  nkandla upgrade

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