Malema faces bankruptcy

2013-01-13 09:00
Julius Malema

Julius Malema (Lucky Nxumalo)

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I've lost friends - Malema

2013-01-14 09:04

Speaking to the City Press, Julius Malema spoke openly about being out of political favour. Watch.WATCH

Pretoria - Former ANC Youth League president Julius Malema is facing bankruptcy following his fight with SARS over R16m in outstanding taxes.

reports that many of former friends and partners have forsaken him.

In an exclusive interview with the Sunday paper, Malema told how he was being avoided as if he had leprosy by people who had been his friends until recently.

Some of Malema’s former business partners have allegedly turned against him and would become state witnesses in the case of racketeering, money laundering and corruption against Malema and three others.

Malema stands accused of using his political influence to make lucrative business deals via a series of companies.

An infrastructure contract of R52m was the heart of the case against him.

Malema has taken responsibility for his tax account and is apparently prepared to pay R4m of the outstanding R16m but sources indicate that this is not deemed sufficient.

Malema has insisted: “There is not a cent coming from drugs or the underworld. My life is an open book.”

Read more on:    julius malema  |  corruption  |  politics

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