News24

Vavi allegedly covered up corruption

2013-06-21 08:55

Johannesburg - Cosatu general secretary Zwelinzima Vavi allegedly covered up a report on apparent corruption involving its investment company to protect his ally, the Mail & Guardian reported on Friday.

The report by the Financial Service Board (FSB) apparently found cases of corruption, fraud, and money laundering involving the Congress of SA Trade Unions' investment company Kopana ke Matla and Westside Financial Services.

The newspaper said two sources with insight into the report had confirmed that Kopana ke Matla conducted financial advisory services without approval in terms of the Financial Advisory and Intermediary Services Act.

The two people had told the newspaper the report recommended that criminal charges be brought against senior staff members of Kopana ke Matla.

One Cosatu leader said the report recommended the matter be reported to the Hawks for criminal investigation but Vavi did nothing about it.

Kopana ke Matla had also been stripped of its licence to manage pension funds for workers.

The M&G said the report named Kopana ke Matla CEO Collin Matjila as contributing to the company's woes.

According to the newspaper, Vavi and Matjilla were close allies and Vavi covered up the report to keep him safe.

Vavi allegedly knew about the report but chose not to share it with other Cosatu leaders.

Both Vavi and Cosatu president Sidumo Dlamini declined to comment on the matter.

FSB spokesperson Tembisa Marele said: "What I can say is that the FSB did conduct an investigation which was presented to Kopano."

Cosatu spokesperson Patrick Craven could not immediately be reached by Sapa for comment on Friday.

Comments
  • warren-rodel - 2013-06-21 09:04

    He is not the only one!

      luckyluke - 2013-06-21 11:02

      suddenly kenny is a hero! please he is one of the worst but prob like juju is being sidelined and his pockets trimmed!! thief buddy of zoompipe, shaik, zuptas et al.

  • Keith Recore - 2013-06-21 09:08

    will this too be water off his back?

  • mapepaki - 2013-06-21 09:11

    Uhuh! gotcha! hands up those who have not yet had their fingers in the till.

      Anthony Hooper - 2013-06-21 09:39

      Haha. Good one. I'm rolling on the floor ??

      John Stoltz - 2013-06-21 10:06

      And all the ANC cadres hands remained down !!

  • John Cryink - 2013-06-21 09:21

    how the mighty has fallen.

      Hlathi Qwenga - 2013-07-04 23:06

      @ John,meaning?

  • Evans Dube - 2013-06-21 09:22

    This is really disappointing. I guess the saying "Practise what you preach" doesn't exist in a politicians vocab.

  • Linds Ron-House - 2013-06-21 09:25

    Vavii made a commitment on national radio that he will resign if anyone can present any evidence of corruption against him.

      John Stoltz - 2013-06-21 10:10

      Linds, I bet you 10 to 1 that if he goes to court, the evidence will disappear !!

      Hlathi Qwenga - 2013-07-04 23:09

      Why don't they come up with the evidence?I blv some @ Luthuli House are behind this

  • Moni Morena - 2013-06-21 09:30

    After next years election,,he will b shown the door

      Hlathi Qwenga - 2013-07-04 23:10

      If I were him,I wouldn't campaign at all

  • Ren - 2013-06-21 09:32

    He is a scrap!

  • Danie Joubert - 2013-06-21 09:33

    And So All The Big Boys Fall Hard On Their Faces! This Man Is a Real Hypocrite! These Guys Think If They Fight Against Corruption It Will Divert Attention From Themselfs! Got News For You Lot! We Are Not As Dumb As You Believe We Are!

      Wendy Nezar Schmidt - 2013-06-21 09:52

      Problem is Danie, they aren't falling .. they just call it something else and get off.

      Charles Everley - 2013-06-21 09:58

      AND IN THE MEANTIME THEY FORGET TO RUN THE COUNTRY.!!!!

      Tersia Louw - 2013-06-21 12:06

      Jeez, Danie, enough with the title case; makes reading what you're trying to communicate a little difficult.

      Gail Hayes-Bean - 2013-06-21 12:56

      Um Danie, off topic. Doesn't capitalising every word slow you down? I sometimes capitalise words or phrases in posts but just one leeter in a word like if?

  • Xola Ralarala - 2013-06-21 09:40

    They r slowly coming 4 you too Vavi very slowly ,join the Economic Freedom Fighters now b4 its too late.

      Tersia Louw - 2013-06-21 12:07

      Out of the frying pan...

      Gail Hayes-Bean - 2013-06-21 13:14

      Xola, Why the EFF party when we all know that Julius is no different to Zuma and 5 years ago was even prepared so he said to lay his life down for Zuma. I admit he is colourful (who could forget that purple suit he wore to a wedding in the Seychelles?) and in a strange way he makes news more than electrifying but the only thing he has going for him appears to be that he limits himself to one woman and cares about his mother and child enough to stick his neck out. Other than that he is just another version of Zuma who loves money and Breitling watches and smart cars and all kinds of very expensive liquor. The only new thing he brings is a promise of economic freedom which is really just the ANC's original claim rehashed. Like JZ he has defrauded the tax money which was intended for the previously disadvantaged and is desperate like JZ to provide better things for his family. Like Zuma he has charisma - but does he have charity for others in his heart or is he just playing you the way Zuma did? What voters really want is a party with the ability to use the taxes we ALL pay in differing ways and some more than others, to be used to improve and maintain law and order through leading by example. Julius wasn't smart enough to outwit, outlast and outplay Zuma at his own game so what makes him likely to do a better job than Zuma? Zimbabweans have lived with what they voted for and will do until Death claims him. Let's not go down that road as it leads to the ocean and a watery grave

      Hlathi Qwenga - 2013-07-04 23:13

      Let them push him away like they did with JJ

  • Ferdi Preller - 2013-06-21 09:41

    "We protect yor rites -all we want is ALL yor money!" Viva !

  • Coert Welman - 2013-06-21 09:45

    Alutha continua - the looting continues

  • Rob Martin - 2013-06-21 09:46

    Patrick is hiding under a blanket.

  • Wendy Nezar Schmidt - 2013-06-21 09:50

    and so it goes, all the masters of corruption are doing well ..

      Gail Hayes-Bean - 2013-06-21 13:35

      The Economic Freedom Front is very vague as to who the recipients of that economic freedom will be. They need to sppecify that they will live with the people they are planning to free and suffer with them and actually be willing to die or spend their life in jail when they fail as Madiba was prepared to do. The first thing a leader should do is make himself accessible to his voters. Politicians should be held accountable and be prepared to admit they are wrong and ask for suggestions from other better qualified people. Blade may be accessible but only to a % who are actually paying him as taxpayers all pay their representatives. In other words each and every commentor on here is paying to feed Zuma's enormous family when they vote ANC next year. They are paying for Nkandla and the blue light escorts and the banquets and the private schooling. Blade is being paid in monthly deductions by each member of a Union to represent them in labour negotiations. A portion of the money which Cosatu collects from you should be going towards paying him a salary IF he has achieved his stated objectives and the balance towards the members of any particular group of workers whom he has called out for wage negotiations for every day they are out on strike so that HEIR families do not go without food and the means to live. There is an oversupply of labour and an undersupply of work. Union money could fund new businesses and promote entrepreneurship and incentivise initiative not vandalism.

  • Zahier Mezichel - 2013-06-21 09:53

    Ironic that they dig into all the individuals critical of Zuma and his government...what about the rest ?

      Hlathi Qwenga - 2013-07-04 23:14

      Zahier,you are spot on

  • nicholus.nakanyane - 2013-06-21 09:57

    Soon SARS will after u too mr vavi..

  • John Stoltz - 2013-06-21 10:05

    There was a time that I put him in a different class that your average corrupt, racist, thieving ANC cadre ! Even I was proved wrong !

  • Al Loots - 2013-06-21 10:06

    Well, if the mother (ANC) is corrupt, surely the children (Cosatu/SACP) must also be. Blade, you're next.

  • Boyisile Stya Dikela Mafilika - 2013-06-21 10:09

    South Africa we love you.

  • Winifred Watson - 2013-06-21 10:14

    Well well well, the skeletons are slowly starting to push against the cupboard door. Old squeaky clean not so clean after all.

  • George Williams - 2013-06-21 10:27

    The whole system stinks at present but the cards will start falling and the whole pack will eventually come tumbling down. The sooner the better for all of us in this country

  • Barney Dino - 2013-06-21 10:39

    woom woomp fart fart,........here comes the next phase...........deny deny deny.....hahahaha......

  • Jacqui Daane Van Rensburg - 2013-06-21 10:40

    Blimey, are the sand castles starting to crumble?.

      Tersia Louw - 2013-06-21 12:07

      Tide's coming in...

  • Steve Ritchie - 2013-06-21 10:42

    Vavi is one big snake-in-the-grass. How can be be involved with the cANCer and still hope to be considered credible? Money talks.

      Steve Ritchie - 2013-06-21 10:45

      Oops, pardon me. The first "be" should be a "he".

  • Manezi Ncedani - 2013-06-21 10:49

    I see the `get rid of vavi campaign ` is in full gear

  • Kamo Agnes Molaoa Sennya - 2013-06-21 10:49

    Corruption and Fraud seem to be an In House trend...if you don't get your hands dirty you may as well go and join the convent alongside Father John and Sister Annah! IYOH*clapping once...clapping twice*

  • JamesMWood - 2013-06-21 10:50

    Strange they couldn't get hold of brazen craven

  • Riana Nel Schoeman - 2013-06-21 11:03

    ai ya ya ya yai! COSATU 2? Vavi?

  • Mlungisi Phaks Phakathi - 2013-06-21 11:06

    This is all lies, we know that Zuma is chasing Vavi because he is one of the few South Africans who exposes Zuma's Administrations incompetence. Now I think Vavi must stop being loyal to an organisation that doesnt love/want him and join organisations whose purpose is to take this country forward and improve the lives of our people.

  • Jason Hepple - 2013-06-21 11:39

    Cool... If that's true, then he must prove it to SA and not just deny, deny! That is not proof...!

  • Lubabalo Ntsunguzi - 2013-06-21 11:43

    If this is true and can be proved by FSB, then the poor must just forget. The so-called fight for the interests of the poor and the working class is not going to yield any results, as there is an emergence of a Capitalist group masquerading as the champions of the poor, for a good position to loot the little they have through complicated and smart means

  • Gail Hayes-Bean - 2013-06-21 12:39

    This is the second report on News 24 in which a columnist is claiming that Chris Hani's daughter is behind the article. Who is Chris Hani's daughter firstly and secondly how do these people who make the claim that she is behind it know? Confused and getting older.

  • Shades - 2013-06-21 12:53

    Those to whom this comes as a surprise are ignorant of the truth. For goodness sake...... who would've been stupid enough to believe that this bungling idiot was squeaky clean - they're all rotten to the core and what goes round comes round so it's just a matter of time now and meanwhile, we celebrate their downfall - everyone of these thieving rogues!!

  • Mcebisi Charles Boca - 2013-06-21 12:59

    Action speak louder than words. Is he really corrupt and covered up for hi allies or is this a politically connected conspiracy to discredit and tarnish his name . We will never know but what we do know for sure is that Vavi is no push over , no sleeping partner of the Zuma led administration and is very vocal within and outside of the allaince . His own EC is against his political stance , he have had his house broken to if I may use that word where only his laptop and other computer drives were stolen and it looked like those people knew exactly what they were looking for . He has publicly said that if its proven that he is involved in any corrupt activities , he will resign that he have said on many different platforms . We are waiting with bathed breath to see what the future holds for us ? Who are the biggest players in this saga , are other Cosatu office bearers involved , how far is the State involved in this whole saga. Who stands to benefit the most ? Only time will tell.

  • Zeptepi - 2013-06-21 14:27

    Not an honset person amongst the lot of them!

  • Joan Wilkinson - 2013-06-21 14:45

    Oh dear, another big chief bites the dust!

  • Linda Horsfield - 2013-06-24 08:23

    If the FSB found evidence of fraud, corruption and money laundering - why didn't they lay charges with the police themselves? It seems to me that the FSB is guilty of covering this up first. As they are a public body perhaps the Public Protector should investigate why they aren't taking action against politically connected companies they find have acted criminally....

  • Hlathi Qwenga - 2013-07-04 23:25

    This is just a conspiracy which was planted by some within the ANC long time ago,bcoz Vavi is to critical to this Zuma administration

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