News24

Malema spent R300k on designer clothes

2012-12-09 14:36

Johannesburg - Expelled ANC Youth League president Julius Malema allegedly used the Ratanang Family Trust for his own benefit, the Sunday Independent has reported.

Almost R6m of the money deposited into the Ratanang Family Trust bank account was paid out, and Malema was apparently the sole signatory, according to a PricewaterhouseCoopers forensic audit report.

According to the newspaper, the report found that "R5.7m of the money deposited into the Ratanang Family Trust bank account was paid out by way of 166 cheques".

The report was authored by auditor Trevor White, for the National Treasury, and had been shared with the Anti-Corruption Task Team, which includes the Hawks, the Asset Forfeiture Unit, the Special Investigating Unit, and the National Prosecuting Authority.

White's opinion was that the Ratanang Family Trust was set up by Malema as a conduit to channel money, which was received "in many instances" from contractors doing work for the Limpopo government.

The object was to disguise or conceal the source of the funds.

Malema appeared to have used the funds for his own benefit, spending nearly R380 000 on designer clothes, and transferring over R200 000 to his personal account.

The trust was established to benefit his son, the newspaper reported.

Comments
  • PrettyUsefulArt - 2012-12-09 14:39

    Why does this not surprise me, I wonder? Why does this not matter to the people who vote for people like this, I wonder?

      edwin.i.jay - 2012-12-09 14:45

      What goes around, comes around. That very expensive clothing will not help him prison. The love he wants he will not receive, the love he will be receiving there he won't want

      sani.ghana.3 - 2012-12-09 14:50

      I never supported this boy and hes gangster bras, i will stay with the da and see these men go to jail

      Voiceinthedesert.co.za - 2012-12-09 14:58

      @ edwin.i.jay-but he will be between all his friends and now he will be screwed just like he screwed us lol

      PrettyUsefulArt - 2012-12-09 15:39

      @ Mzisi - Let it go if I didn't vote for him? Really? This man could become the future president of this country and you want me to let it go? Not in this lifetime, Bru. You might not mind crooks running this country and influencing our youth, but I sure do.

      John - 2012-12-09 15:40

      Msizi - the ones that vote for him affect everyone . That's the relevance

      PrettyUsefulArt - 2012-12-09 15:48

      @ Msizi - apologies for the miss-spelling of your name.

      motho.batho.98 - 2012-12-09 15:58

      South Africans are suprised because they can't fail to make common sense.

      moriri.mosweu - 2012-12-09 16:03

      Ratanang trust is a fraudulently allocated credit that malema will have to return soon and with a penalty attached of course.

      PrettyUsefulArt - 2012-12-09 17:49

      @ Kagiso - the difference is that they spend their OWN money. Not money STOLEN from the people.

      sani.ghana.3 - 2012-12-09 18:10

      Braincandy i agree with you the anc and their youts are criminals, mr mbeki also want to tell us that

      shaun.miekle - 2012-12-09 19:06

      Leave him alone. He deserves everything he gets

      msizi.luthuli.14 - 2012-12-09 19:56

      BrainCandyCPT, relax he will never be a president, thanks to Zuma ANC administration to expel this boy, unless if Kgalema Motlanthe "Discipline Cadre" is elected in Mangaung over "uneducated" Zuma

      nicholas.graan - 2012-12-09 21:02

      He is just fighting his own battle for "economic freedom"

      msizi.luthuli.14 - 2012-12-09 21:10

      5centsWorth, what is the meaning of democracy?

      mart.botha - 2012-12-10 04:52

      R300k on 'designer' clothes .....methinks this boy is gay!

      preshen.govender.12382 - 2012-12-10 08:58

      He must be arrested for that Purple suit

  • makarapakaplan - 2012-12-09 14:40

    Just a drop in the ocean.

      beverly.young3 - 2012-12-09 15:48

      Hasnt helped him anyway......he has no taste...lol! He has a son? I thought he was gay? I am serious. One has to consider what his defence will be in these circumstance ne?

      ann.soprano.9 - 2012-12-09 22:48

      His defence is that he was just doing his bit to stimulate the economy with his spending on clothes, Mauritian holidays, cars and mansions etc :)

  • asteyn - 2012-12-09 14:40

    Jail awaits you Malema

      kortbroek.duplessis - 2012-12-09 15:26

      Hmmm he can then try out his designer orange overall in jail. He won't be able to wear his Breitling though

      SarelJBotha - 2012-12-09 16:39

      ..and lots of okes looking for biatshes as well.

  • lownabester - 2012-12-09 14:41

    No hell I hope its not that purple suit he had on at the wedding, bad taste seems to be expensive.

      Ollie - 2012-12-09 15:39

      It will just make those prison clothes feel all the more worse.

      beverly.young3 - 2012-12-09 22:04

      Didn't it make you want to vomit?

  • gert.swart.393 - 2012-12-09 14:41

    F@kken skelm!

  • yolanda.r.haripersad - 2012-12-09 14:42

    Even with designer clothes, ugly will still be ugly

      Ollie - 2012-12-09 15:15

      Even in an expensive suit, an imbecile will still be an imbecile.

  • joe.smit.549 - 2012-12-09 14:43

    Hope he bought his son clothes as well. Does he know he has a son?

      julian.booyens - 2012-12-09 14:49

      what I am trying to figure out is that some woman wanted to procreate with him

      fussed.anderson - 2012-12-09 15:03

      Looks like his son will be getting "hand me downs "

      Ollie - 2012-12-09 15:52

      @julian DO ANC leaders need permission?

  • erich.goosen - 2012-12-09 14:45

    In Afrikaans they got the saying 'al dra 'n aap 'n goue ring, hy bly steeds 'n lelike ding'.

      SarelJBotha - 2012-12-09 16:40

      fannie: A thief stays a thief, even if he is rich.

  • patricia.dewet.92 - 2012-12-09 14:47

    So what they all do it. No benefit for the poor and the taxpayers are furious, their money get stolen. Money to help the poor.

  • Tello Moleko - 2012-12-09 14:52

    am waiting for sentencing day for Malema,life or 30yrs i will be happy

      jenny.nel.92 - 2012-12-09 18:41

      Nothing will happen to malema. Of all the thieving, lying, incompetent cretins in government, and by this I most definitely include Zuma, the biggest liar and thief of them all - there have been precious few prosecutions and there will be very few In the future. The shaik and Selebi sagas told us exactly what the ANC thinks of the law, and we can all starve for all they care. By "we can all ...." I do man all of us. They don't care about colour or creed. They just don't care as long as they get their sticky fingers into our money with no consequences and the assurance of further terms in office.

  • christoffel.nel - 2012-12-09 14:53

    Champion of the poor! *shake head* ROTFLMAO

  • Papiki Hlahane - 2012-12-09 14:57

    one way ticket to jail no turning back

  • michael.bushes.5 - 2012-12-09 14:58

    Great news, that the skeletons are falling out. A win for Zuma and these investigations will surely put an end to Malema once and for all, and once he has been sorted out by the law, then they can go after Zuma. Its like assisting a cobra to kill a rattlesnake, both are snakes, but just one less snake to deal with going forward. (My sincerest apologies to all snake lovers in general and to all snakes in particular, didnt mean to insult anyone)

  • reine.marais - 2012-12-09 14:58

    In a country where people are actually dying of starvation. What a sicko.

  • marius.vanrooyen.37 - 2012-12-09 15:00

    Juju. You designer ripped you off dude. R300k and you still look like a moron! O yes of course, you are a moron! Idiot!

      Erna - 2012-12-09 16:48

      Clothes do not make the man.

  • fmashiyane - 2012-12-09 15:03

    That trust fund is a family trust if I am not mistaken,not community or poor trust.Surely he has a right 2 use it if it is a family trust.Unless ofcoz it is a Seshego poor community trust fund.As a member of the family he has a right 2 use it the way he wants.He doesn't have 2 get permision frm loosers like u 2 use it.The sooner u mind ur own business the better.And the author of this pointless article ofcoz.#FOC

      David - 2012-12-09 15:47

      Moron. The point is that the money was obtained illegally. There is now way that, through his salary, he could afford to buy clothes to the value of 300K. What this evidence proves is that he was accepting money from companies, who just happened to have tenders from the Limpopo government, and funnelling it through this trust fund in an attempt to hide it from the authorities. Unfortunately for him, his little scheme failed. I just wonder how many other corrupt government officials are doing the same thing.

      SarelJBotha - 2012-12-09 16:42

      You seem to miss or ignore that the funds in this trust came from crime.

  • mandla.w.mahlangu - 2012-12-09 15:07

    If its not Zuma is Malema,if not Malema its Zuma.Ai SA media isso biased,what happened to the Boeremag saga?Mulder of FF plus?

      nettie.potgieter.5 - 2012-12-09 15:44

      Not intersting enoth. No scandels, no robbing the poor, blind, need any more resones?

      SarelJBotha - 2012-12-09 16:45

      What did the Boeremag okes steal from you? Last I saw that entrapment was used heavily to place these okes in a very bad situation, but you seem to not know this.

      diana.gill.18 - 2012-12-10 09:26

      @SJ What did they steal from him? Probably a couple of R1-s and hand grenades, which he stashed for his own wild adventures.

  • Ketshabile - 2012-12-09 15:08

    Malema spend R300k on clothing! So What? Its his fraud money.

      jacques.d.plessis.75 - 2012-12-09 15:27

      Did he not tell the other yoof leeg people not to indulge in a lavish lifestyle?

      nettie.potgieter.5 - 2012-12-09 15:38

      Lol and don't he enjoy it!

  • fmashiyane - 2012-12-09 15:10

    SAPA sometimes I feel like they r obsessed 2 the guy.Who is SAPA by the way?Cheap janourlism,last time cde Floyd exposed their cheap janourlism,reporting a month old story.How old is this story n who is the author?#FOC

  • dbo.kacebisa - 2012-12-09 15:12

    Literally taking a candy from the childs mouth

  • mike.jankelowitz - 2012-12-09 15:13

    How strange? And not many traditional outfits either? I see Saville Row suits? Cant be, they designed by white people? Surely Malema would only buy from poor disadvantaged black people? After all he is a firm supporter of BEE? OR not?

      klipkop.degroote - 2012-12-10 10:09

      yes Truth I agree and said something similar. If you are anti-white why would you want to wear their clothes i wonder. His ass to big for his leopard g-string maybe.

  • Ollie - 2012-12-09 15:14

    And this is the man who is suppose to represent the poor of South Africa?

      Erna - 2012-12-09 16:43

      ....and even worse, the youth.

  • piero.mendace.5 - 2012-12-09 15:15

    Mashiyane, you are exactly the gullible mass that thieves like Malema count on. The point is where does the money come from??. He is good for nothing so where do there millions come from?.

  • edwin.morena.3 - 2012-12-09 15:16

    Heeeeeehe! I wonder y SA has a high crime rate? Is b'cause the masses support criminals next door/in their neighbourhoods 2 b'come leaders.

  • Ollie - 2012-12-09 15:16

    Steal from the people, become the champion of the people the African way!

      maskie.dixie - 2012-12-09 15:30

      We don't have to worry about dis guy, dis guy he's nothing crus in our Gov,so pliz let's not tok too much about him the r people we cn blame from dis.Not malema guys

  • msizi.luthuli.14 - 2012-12-09 15:20

    I dont care, what I care about his camp is loosing Mangaung, and Zuma and his team will be winners.

      truthis.tway - 2012-12-09 17:12

      Why do you stupidly vote for thieves and fools, are they better than you?

      msizi.luthuli.14 - 2012-12-09 21:17

      @Atheitis, dream on you will be strong

      msizi.luthuli.14 - 2012-12-09 21:23

      @ truthis.tway, they are better thieves than anyone else in the ANC, if it was me there on top with my coligues couple of billons of rands will be missing just like when Mandela was about to take over form Apartheid government, so live with it, you will be stronger

      dave.hardman - 2012-12-10 00:28

      Did you kill Zongille?

  • annelise.vanderschyff - 2012-12-09 15:24

    Maybe he is one of zuma's lost children!!!

  • magwaza.mfundo - 2012-12-09 15:25

    And in other news, FW Deklerk uses his apartheid-created trust fund to compensate his lazy son's ex-wife..

      truthis.tway - 2012-12-09 17:13

      Well that's okay then, let's all just steal.

  • tresso.sven - 2012-12-09 15:37

    Bwahahahahahah really breaking news?what a shocker .....

  • sabeer.mahomed.3 - 2012-12-09 15:40

    Juliuuuuuuuuus :-)

  • piero.mendace.5 - 2012-12-09 15:42

    Because you are a crook just like your hero..

  • lisa.r.downer - 2012-12-09 15:43

    Eish! I hev neva seen 1 million rands in my life! #juju accent #lying, deceitful, spoiled pile of pig poo!

  • sfiso.simelane.96 - 2012-12-09 15:45

    Ja fat boy enjoy while it last.

  • sam.mantori - 2012-12-09 15:49

    "gee 'n aap 'n goue ring(of 'n mooi suit) hy is en bly 'n lelike(en dom) ding"

      sam.mantori - 2012-12-09 15:51

      The Afrikaners just have a way with words, this saying just does not work in English...

  • piero.mendace.5 - 2012-12-09 15:49

    Magwaza, really you are going to report to such childish measures to justify the crook.. Grow up!

  • KCorsar - 2012-12-09 15:54

    Money laundering, tax evasion, racketeering, tender fraud and a public farce!

  • blessing.khumalo.90 - 2012-12-09 15:55

    now we know why juju and Zuma dont get along one still more than the other.

  • blessing.khumalo.90 - 2012-12-09 15:56

    now we know why juju and Zuma dont get along one steal more than the other.

  • audrey.gono.3 - 2012-12-09 15:58

    Get rich or go to jail tryin

  • masta.pilusa - 2012-12-09 16:12

    Eish the fat boy is facing hard tym...his only hope is in mangaung resolution....

  • rascott3 - 2012-12-09 16:17

    disgusting it seems the Zuma the Puma and The Agent of Doom mud slinging has began to open the doors on the deceit and corruption.May they bring each other down and the rest of the bad EGGS.

  • winifred.watson.9 - 2012-12-09 16:18

    Money went straight to his head. Fancy clothes etc might make cover on the outside but whats on the inside that cannot be hidden. We already know and have seen what is on the inside and all the arrogance etc does not hide it. He is what he is and nothing he ever tries will change that image. He is just another flashy fly eating off the banana.

  • sthabethe - 2012-12-09 16:22

    Two words - Polital Gluttony

  • douglas.reid.921 - 2012-12-09 16:36

    Don't worry, some expensive white lawyer will keep him out of jail.

  • SarelJBotha - 2012-12-09 16:38

    Was there ever any doubt as to the REAL reason this trust was established?

  • gus.fernandes.7 - 2012-12-09 16:45

    The sad fact is that the ordinary ANC voter sees little wrong with this type of thing...he or she is only sorry that they are not in the position to do what do what Malema does.

  • tobydt - 2012-12-09 17:15

    R300k on a fugly purple suit? Fashion police, throw this man in jail.

  • yaseen.bux.5 - 2012-12-09 17:18

    Are the people who support this money hungry corrupted self centered mentally questionable man, mentally retarded??without supporters,,this man will b powerless,,wake up people!

  • obadia.segwape - 2012-12-09 17:23

    VIVA JUJU VIVA VIVA ANC VIVA

      ronald.vantoorn.9 - 2012-12-09 17:27

      Viva corruption viva idiots !

      obadia.segwape - 2012-12-09 17:38

      VIVA

  • gerrit.volschenk - 2012-12-09 17:35

    R6m only no wonder he is jealous of Zuma's R243M plus. Yet they are the elected leaders chosen with Zuma front runner to be voted leader of the ANC and SA ones more.