Shaik denies threatening Zuma

2012-01-23 09:24
Johannesburg - Convicted fraudster Schabir Shaik has distanced himself from an article in a Sunday newspaper in which he was quoted as saying that he wanted President Jacob Zuma to repay a R2m loan.

The Sunday Independent also claimed that Shaik insisted on a presidential pardon from Zuma.

"I've been ill-quoted and I distance myself from the article," Shaik told The Times newspaper.

"I am not in a position to threaten anybody, let alone the honourable president - whom I have great respect for - the only person who will consider any pardon," he was quoted as saying.

"At this point threatening him just doesn't make sense. If at any time I wanted to say anything I would have said it during my trial."


The Sunday Independent reported that Shaik had not been repaid his R2m loan to Zuma.

It was believed that the initial loan amount of R2.5m, primarily used for Zuma's children's upkeep and educational needs, was part of a loan agreement drawn up by an attorney, the newspaper said. Only R500 000 of that has reportedly been paid to Shaik by Zuma.

In 2005, the KwaZulu-Natal High Court sentenced Shaik to 15 years in prison for fraud and corruption. His sentence effectively ends in 2021.

In March 2009, Shaik was released on parole after being diagnosed with a terminal illness. He then applied for a presidential pardon.

The Supreme Court of Appeals will next month rule on an application by the Democratic Alliance that challenges the National Prosecuting Authority's decision to halt Zuma's prosecution on fraud and corruption charges related to Shaik's case in 2009.

Read more on:    schabir shaik  |  jacob zuma  |  corruption

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