Cope wants probe into 'thug' Malema

2011-07-26 09:50
Johannesburg - Cope on Monday called for an urgent police investigation into ANC Youth League leader Julius Malema.

"News that ANCYL boss Julius Malema has a secret trust fund that is possibly bankrolling his lavish lifestyle is a serious cause for concern," spokesperson Dennis Bloem said.

He called for a special probe by the South African Revenue Service (Sars) into Malema's lifestyle, as the allegation amounts to corruption and warrants a police investigation.

"The fact that Malema and his lawyers tried unsuccessfully to stop City Press from publishing the story on Sunday can only mean there is a lot to hide."


He said Malema's behaviour suggested he was "a thug who is quick in attempting to stop those who are willing to expose him, as he has for years portrayed himself as untouchable".

It was disgusting that he was a man who claims to be poor and a champion of the struggle of the poor and working class when he was doing the contrary, "spitting in their face," Bloem said.

He also called for a probe into the finances of the businesspeople who were found to have deposited money into Malema's trust account.

"Despite the fact that he always argues that he is not rich, Cope believes it's time Sars launch an investigation into Malema as we strongly believe that a sinister motive lies behind his dealings.

"Malema must also disclose businesspeople and politicians allegedly regularly donating money into his account."

He said police should also investigate to what extent Malema influenced businesspeople securing lucrative government tenders.


Cope further said those who were calling the report by City Press a political ploy only wanted to protect their friends who were "involved in shady dealings".

"Cope believes it is high time Malema is exposed for the liar he really is," Bloem said.

Earlier on Monday the Congress of SA Trade Union (Cosatu) in Limpopo backed a call by Cosatu's national office for an investigation into Malema's secret trust.

City Press reported that Malema was the sole trustee of a secret family trust, registered in the name of his 5-year-old son, which he allegedly uses to finance his lavish lifestyle.

According to the newspaper, the Ratanang Family Trust was registered at the Office of the Master of the High Court in Pretoria in 2008, weeks after Malema was first elected youth league president.

Citing two “independent, well-placed sources with knowledge of Malema's financial dealings”, City Press reported the trust was being used “by the youth leader and his benefactors” to fund his lifestyle.

ANCYL secretary Sindiso Magaqa said on Monday the trust was used for various charitable causes.

Read more on:    cope  |  ancyl  |  julius malema  |  corruption  |  politics

Read News24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Add your comment
Comment 0 characters remaining

Inside News24


Tips on how to set your fitness goals

Before you embark on a fitness or training programme, set yourself clear and realistic long-term and short-term goals.


Where were you when you last felt alive?

This all-terrain vehicle is badass!
The TRUTH about painkillers and exercise
WIN! Where were you when you last felt alive?
Watch: Fishing under ice

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Magical Massinga

Spend 5 nights at the gorgeous Massinga Beach Lodge in Mozambique and only pay for 4 from R13 220 per person sharing. Includes return flights, accommodation, transfers and romantic turndown. Book now! - shop online today

Deal of the week!

Save R1200 on the Samsung 48” smart full HD LED television now only R8799. Buy now!

Toys 4 for the price of 3

Buy 4 toys and get the cheapest FREE! Offer valid while stocks last. Shop now!

Mind blowing prices – As seen on TV

Get mind blowing prices on 1000’s of products! Shop now.

Save 20% on Nivea beauty products!

Buy any two Nivea beauty products and save 20%. Offer valid while stocks last. Shop now!

Save up to R1000 on electronics!

Get mind blowing savings on top electronic products. Shop now.

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25


You may be spending too much time organising and trying to control things to make sure everything is perfect instead of more

There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.