News24

Malema faces bankruptcy

2013-01-13 09:00

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

Rapport
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.”

Comments
  • mark.haupt.31 - 2013-01-13 09:03

    Couldn't happen to somebody more deserving

      mlucejko - 2013-01-13 09:24

      Oh ! How the mighty have fallen !! Right into his own 'Cabbage-patch' !!

      tersia.louw.12 - 2013-01-13 09:25

      Not a farmer, then.

      johan.jacobs.5680 - 2013-01-13 09:25

      Malema, facing his own music.

      nicholas.graan - 2013-01-13 10:00

      It is cold outside the syndicate ..

      Killbot79 - 2013-01-13 10:05

      Haha, and the morons who support him obviously turned a blind eye towards his corruption.

      lownabester - 2013-01-13 10:20

      Die wiel draai, somtyds stadig, maar jou dag sal jy kry, I am not buying any cabbages from you :) There's a time and place for everything. Julius its your time now. Suffer.

      themba.thwala.775 - 2013-01-13 10:40

      Delicious **rubbing hands in glee ans smiling**

      walter.tgsa - 2013-01-13 11:01

      Maybe, there will be a small garden plot in jail where he can continue farming. And yes, I do hope he ends up in jail, he has given too much grief to too many people. But let's hope he is not the only one taken to the cleaners, many have benefited from his (financial) activities. But one more thing? If he had not taken on the ANC and the President, surely all this would not have happened???

      Flippncool - 2013-01-13 11:08

      http://flippincool.co.za/funny/malemas_tottie.jpg

      squeegee.pilot - 2013-01-13 11:15

      Dear Kevin Watson, as you can see by the response to your comment, most people got the joke. I'm sorry you didn't.

      erika.bezuidenhout.102 - 2013-01-13 11:34

      It was he who started with the Marikana fiasco by instigating them to strike. He is the biggest problem this country has and he does belong in jail. The blood of the people who died at Marikana I believe is on his hands.

      AnthonyfromAfrica - 2013-01-13 13:09

      . Surely it is time, to thank the only one in the ANC , who had the guts to kick this Malema of his thrown !!! THANK YOU , JACOB ZUMA !!

      vandal.svz - 2013-01-13 13:49

      All that he sowed has now begun to bear the fruits of his labour. Fat Boy did you really think your posse would back you up regardless? bbrrrrr..

      johan.jacobs.5680 - 2013-01-13 15:09

      Garbage amongst the cabbage.

      derek.francois.3 - 2013-01-13 16:20

      HA! HA! "Cabbage Head" the cabbage farmer will soon rot in his own concrete cabbage patch............no one more deserving

      beverly.young3 - 2013-01-13 18:41

      Methinks we might be celebrating too early. SARS can only take what is available ne? HE bcomes a 'man of straw', as in bankrupt, and his assests go into a fund/pool. Yes, SARS have first dibs, but if he has no money or assests in his name? I am wondering if he might simply step across the border and live with all the other gays, writing his stories re Zuma and others. I would watch him closely for now.

      rory.n.price - 2013-01-13 18:44

      Wonder if Vaseline will sponsor him, just a thought

      Tuyez - 2013-01-13 20:12

      SARS need to nationilize his farm and his Sandton home to pay the R16m, he is owing.

      lownabester - 2013-01-13 21:28

      Wonder what he pays his workers??? Oh Julius, see the worry in my eye.

      gerasimos.komnenus - 2013-01-13 22:52

      His physical bankruptcy is a mirror of his intellectual and moral state as well. Take note you ANC sycophants this will be your end as well- bankrupt and begging and this time it will be the Chinese and Asians "racists" that will make you slaves.

      fussed.anderson - 2013-01-14 04:44

      This picture is very decieving, which one is malema

      frank.kistler.31 - 2013-01-14 07:05

      Malema who? he will simply fade away.....from dust to dust...

      preshen.govender.12382 - 2013-01-14 08:14

      SARS vag vir hom

      Jane - 2013-01-14 08:59

      Lets hope the same happens to all the other deserving corrupt politicians. Our government needs a serious overhaul, mind you if this had to happen there would be no ANC left. I think everyone there is corrupt probably right down to the PA's and secretaries who are privy to some incriminating documents and phone calls!

  • Pulverturm - 2013-01-13 09:09

    Aaaaah, Karma's a b with an itch!

      lownabester - 2013-01-13 10:22

      I see he is calling Cyril "The Doom and himself as the mosquito. hehehe

      maureen.churchill.9 - 2013-01-13 10:54

      How the wheel turns, you can be smug,conceited, arrogant and smug, then woooom someone pulls the carpet from under your feet. Where are your friends when you needed them most?

      seventhheavenproperties - 2013-01-13 22:48

      No - Karma may not behind this. I also do not believe that he is a target, as he implied in other articles. I do however believe the system protects a political VIP. I think what happened is that they are allowed to act against him, since he lost the protection granted to him as a political VIP.

      thozi - 2013-01-14 00:30

      Ag, Sies tog, shame lovie.

      p.borchard - 2013-01-14 08:39

      Dubula, it must be difficult to have to only have timeshare use on a braincell

  • tshireletso.molobi.1 - 2013-01-13 09:09

    Ya whn days r dark friends r few bt dis man needs 2 take responsibility 4 his actions

      hein.huyser - 2013-01-13 19:12

      Molobi. I.m sure he didn't really expected to get away with all of his theiving. I for one are not surprised at all. He stole the money hebought that land with so it wasn't his tobegin with. And what about the property in Sandton? You steal for a living you will get what's due to you. JailM

      Mbongeni Masilela - 2013-01-13 19:40

      Malema was used, he will not go down alone, that I promise you.

      p.borchard - 2013-01-14 08:38

      Mbongeni, from your lips to God's ears. There are so many others who deserve being jailed with Juliaaaaaaaaaaaaaaaaaaaaaaaas

  • JohnDough - 2013-01-13 09:13

    LOL! Serves him right. He thought he was bigger than a Government until his own people turned on him.

      jeremy.forbes.1293 - 2013-01-13 19:03

      On the positive side, it is heartening that the rule of law has prevailed. I hope that SARS will now go after the other tenderpreneurs who surely must also have much to hide.

      thozi - 2013-01-14 00:38

      Did you hear about the second term Mbongeni... and by the way, Cyril is also in and Derrek and Gwede and... the President of the ANCYL, stayes out, persona non grata!!

  • lee.brand.73 - 2013-01-13 09:13

    Heh heh. Im starting to feel a tad sorry for the clown. Talk about shooting yourself in both feet over and over again. I am wondering which clown is more dangerous for SA? This one or the shower one? Hitler was also regarded as a joke when he first got going. Idi Amin was a joke all along.....

      EricksonTL - 2013-01-13 10:22

      Hitler also went to jail, which is where it seems fat boy is headed. Then again, choosing between JZ and Melanoma is like choosing between a full frontal lobotomy and being disembowelled. Equally unpleasant.

      carl.fourie.9 - 2013-01-14 07:11

      Malema's worries was self inflicted, he could have made the right choices. So beware ANC you are just as arrogant as Malema and your time will come when you will start loose financial support, internally and extarnally

  • Lebo.Jeed.Tshepi - 2013-01-13 09:14

    Media will eat you alive, peel your skin and feed your bones to the dogs.

      tersia.louw.12 - 2013-01-13 09:26

      Not my dogs; they follow a low fat diet.

      joe.smit.549 - 2013-01-13 12:19

      Are we still allowed to have dogs?

      monica.venter.75 - 2013-01-13 20:02

      Ish Joe / Kenny if you treat them too well then cANCer will impose a dog tax to help pay for Nkandla!!

  • trevor.pietersen.3 - 2013-01-13 09:14

    My best news for a Sunday morning

      marilyn.docherty.9 - 2013-01-13 10:27

      My smile is splitting my cheeks!!!!!

      Mbongeni Masilela - 2013-01-13 19:42

      There is not enough of a man left here for you to hate, Malema is still human, not an animal.

      marilyn.docherty.9 - 2013-01-14 07:32

      Agreed Mbongeni - Malema is not an animal - animals do not do the things that he has done. Simply said - Malema is an uncouth crook!!!!!

      mo.matt.14 - 2013-01-14 09:23

      Mbongeni, and what about the poor he defrauded out of the little money they have. Are they not human? You should feel more sorry for them.

  • avremel.niselow - 2013-01-13 09:16

    This made my day! What a start to a Sunday!

      Mbongeni Masilela - 2013-01-13 19:44

      Good for you, God is watching, Malema belongs to God, soon you will know that.

      avremel.niselow - 2013-01-13 21:07

      I'm so scared, I'm sure g-d will defend a racist thieving idiot like Malema.

      kenneth.fisher.750 - 2013-01-14 00:32

      Mbongeni, let God come fetch him then.

  • mica.gogome - 2013-01-13 09:16

    I enjoy it when he suffer.He broaght my South Africa in to disrepute.Swearing at everyone.Bloody agent,tjatjarag,nobody will kill for u.And no Boer will be killed here.

  • numerofigo - 2013-01-13 09:18

    .

  • osama.pascal - 2013-01-13 09:18

    More hynas should be brought to the books.

  • tiaan.evony - 2013-01-13 09:19

    LOLOLOLOLOLOLOLOL

  • Khetha Hlophe - 2013-01-13 09:19

    I am saying agains,its cold out of ANC. In future u must respect the elders n they are wiser. Dust your certificates and apply for work as per your profession.

      EricksonTL - 2013-01-13 10:24

      Lab rat? Crash test dummy? Weigh less spokesperson (as IF) Gat kruiper? (Uncle Bob always has vacancies!) The Michelin Man / Oros Man? So many options, so little time.

      themba.thwala.775 - 2013-01-13 10:43

      Barney the dynasour :)

      jason.kodak - 2013-01-13 12:11

      What profession? Woodwork?

      kortbroek.duplessis - 2013-01-14 03:59

      Eish yeah all those illegal tender money drying up. A very cold day indeed

      linda.duits - 2013-01-14 06:44

      I love the answers @No. You're a handbag!

  • Seponi Anna Mfikoe - 2013-01-13 09:20

    i doubt there is truth to what malema is saying he just wants enermys to rejoys thinking his out while at the end he will have the last laugh...

      Killbot79 - 2013-01-13 10:07

      What did malema pay you?

      lara.vanrooyen.1 - 2013-01-13 11:05

      Just think, Seponi, if Malema had paid his taxes, you might have had a better education and would have been able to write better. Right now you just look uneducated.

      erika.bezuidenhout.102 - 2013-01-13 11:41

      He already had his say.

      Mbongeni Masilela - 2013-01-13 22:49

      @Seponi, I agree with you, Malema is courageous and will not rest until his enemies are defeated politically. He will return.

      John - 2013-01-14 00:31

      Oh man another idiot

  • chris.heiberg - 2013-01-13 09:23

    Hahahahahahahaa. Karma is a bitch... Suck it you dumb idiot!!!

  • linds.ronhouse - 2013-01-13 09:24

    Malema just became too big for his own boots. And thinking that he could take on the Houdini of SA politics (JZ) was rather foolish of Malema.

  • erdna.warrie - 2013-01-13 09:24

    What a puppet in a big system. He thought he could play with the big boys. There are powers in SA making the ANC look like a lego game. There are no more wars with guns and pistols, it's all money honey. If you make me mad you may loose evertything and what is a man without money. Nothing!

  • gift.ndebele.14 - 2013-01-13 09:24

    Life is unpredicted indeed!fat boy is running out of cash and facing possible jail time. Life is really cold outside the A.N.C. as the prez once put it.

  • Don.Tandy - 2013-01-13 09:26

    So the fool is going to be financially bankrupt as well as intellectually.

      paul.cleverley.14 - 2013-01-13 09:28

      You forgot morally.

  • thelma.flynn.96 - 2013-01-13 09:27

    Yea Julie such is life. When you got money eveybody is and wants to be your friend. As soon as the money is up you are not good enough anymore

  • mphotant.thelejane - 2013-01-13 09:27

    Thought you were untouchable bloody dammat. I recall how arrogant you were 2007 when I challenged you in Soweto Rockville. Your attitude has been seeds of your own destruction, jou moeskont.

      nico.leroux1 - 2013-01-13 14:01

      Eish Tlelejane. Your language Bro ... : )

      theo.schoeman.71 - 2013-01-13 15:25

      @ant.thelejane - Eish i love that "moerskont' bit

  • thelma.flynn.96 - 2013-01-13 09:27

    Yea Julie such is life. When you got money eveybody is and wants to be your friend. As soon as the money is up you are not good enough anymore

  • bongani.nsele.58 - 2013-01-13 09:28

    please reconcile with the ANC leadership...we want you all working together....

      Don.Tandy - 2013-01-13 09:33

      Anarchy Nepotism Corruption - business as usual on the gravy train.

      Killbot79 - 2013-01-13 10:09

      Working together we can steal more

      hennie.malan.16 - 2013-01-13 11:47

      Bongani, white people can't do that. Our culture is different to yours. We like to build our country. We like to work and we hate crime. Unlike your culture of violence, corruption and destruction

      derek.francois.3 - 2013-01-13 21:32

      reconcile with a bunch of thieving corrupt misfits! aag pleez Bongi go smoke a BONG..............

  • thabani.dube.988 - 2013-01-13 09:28

    If had some brain you should have known where your bread is buttered. But you played right into the hands of the media and they devoured you, now you are a laughing stock. And you studied politics too late Juju.

      jenny.webbe - 2013-01-13 13:56

      But did he pass politics? Seems more like Monopoly for Julius: Go straight to jail!

  • clive.paterson - 2013-01-13 09:30

    Thabo Mbeki, Malema. Which leaf on the ANC tree is the next to fall?

      EricksonTL - 2013-01-13 10:26

      Don't forget Trevor. Although he was smart enough to jump.

  • Ghostfacekillah - 2013-01-13 09:31

    Talk about being stuck between a rock and a hard place!!

      williamjoseph.roberts - 2013-01-13 10:11

      Talk about being caught between a tamatieland and a cabbage field.

  • tiaan.truter - 2013-01-13 09:31

    HAHAHAHAHAHAHAHAHAHAHAHAHAHA !!!!!!!!!!!!!!!

  • KUSTAMK - 2013-01-13 09:31

    My first thought was Whaout a lie then i saw SARS weh then i knew he is in for it....its sad though but whatahell he asked for it.

  • joahan.smal - 2013-01-13 09:31

    I find it extremely difficult to distinguish between Malema and his veggies.

      jacques.stander - 2013-01-13 09:50

      LOL

  • amanda.terblans - 2013-01-13 09:32

    The cabbage patch kid , Karma def hard at work here.

  • kimard - 2013-01-13 09:33

    yes malEmma if you want loyalty buy yourself a dog (poor dog) :)

  • kimard - 2013-01-13 09:34

    huh?? thats a cabbage land whahaha

  • johan.j.potgieter.9 - 2013-01-13 09:34

    That tax bill could help finance the e toling court case or n' kandla or maybe a hospital or two or schoolbooks in limpopo aag, whatever! like auntie angie said. "it's not a problem" there are still bags full of tax to come.

  • neil.lovegrove - 2013-01-13 09:34

    what a sterling piece of good news

  • KUSTAMK - 2013-01-13 09:36

    Thats a white lie, hahaha that too is starting to be racist....News24 comments will kill u mfana

  • gvangreunen - 2013-01-13 09:36

    well at least he's got std 2 woodwork to fall back on!

  • jacqui.daanevanrensburg - 2013-01-13 09:37

    The higher they fly, the deeper they fall. Zuma take note.

  • Lekgwakgwa - 2013-01-13 09:37

    Shem Malema everything have begining and the end borrow to zuma and Mathale

  • edwin.morena.3 - 2013-01-13 09:39

    He himself, destroyed himself......

      erika.bezuidenhout.102 - 2013-01-13 11:51

      You are right, if he was not so full of hate for the white man, he might have been something the youth could count on.And he could have been a constructive member of society, but he became a destructive member of society.

  • ACEUP - 2013-01-13 09:39

    The Law of Retribution, "so you sow so you shall reap". Pappa wag vir jou!

  • trevor.leon.5 - 2013-01-13 09:39

    cabbage patch moron!

  • gregg.l.smith.5 - 2013-01-13 09:41

    Karma is a btch hey! Best news for 2013!

  • gerda.vanrooyen.39 - 2013-01-13 09:41

    Maybe he must sell those tomatoes that's growing in the cabbage fields. He will make enough money to pay off his debt with SARS!!! HAHA. He had this coming.

  • guruswiz - 2013-01-13 09:42

    Shem, poorcabbage kid patch

  • walter.corbett.54 - 2013-01-13 09:43

    Oh dear, gonna miss you Juju. Now there is only one chief clown in the circus. Pity

  • Charles.Minie - 2013-01-13 09:43

    If Malema is declared bankrupt in his personal capacity it does not mean that he will loose any of his assets in Trusts. It depends whether the Trusts signed any sureties for his personal debt. Declare yourself nowadays bankrupt is the easy way out if your estate is properly planned and structured!

      erika.bezuidenhout.102 - 2013-01-13 11:52

      Not to mention everything that he has put in the name of buddies and ghost companies etc.....

      Rabbler.Rouser - 2013-01-13 12:53

      It's unlikely that Malema has used his trust correctly. If it has been used as a vehicle to launder money, incorrectly managed including improper accounting or simply used as a conduit to move funds then they can go after the trust. Having a trust does not protect any assets if it has been misused or abused.

  • werner.pagels - 2013-01-13 09:44

    So why doesn't Malema turn statewitness and bring down the real money laundering an corrupt masters? I for one would be happy to see him walk away with a 4 million settlement in return for an open book, exposing the entire raketeering leadership of this country. Slap him with a heavy suspended sentence to keep him honest in the future and let him enjoy his farming future.... SA will rid MANY wrongs with one strike!!!

      erika.bezuidenhout.102 - 2013-01-13 11:53

      Good thinking

      hein.huyser - 2013-01-13 19:24

      Werner,he is the kingpin

  • Brad - 2013-01-13 09:47

    This warms the cockles of my heart.

  • walter.corbett.54 - 2013-01-13 09:47

    Perhps Juju maybe you can run? Watch this quick animation Juju and see if this is an option for you - hehe. http://www.youtube.com/watch?feature=player_detailpage&v=do5IO_ZDPSw

  • tlotlo.phele - 2013-01-13 09:47

    he dug a grave for himself