President Cyril Ramaphosa has categorically denied that he is or was involved in any acts of money laundering at the Phala Phala game farm.<\/p>\n
The President was answering questions in the National Assembly on Thursday afternoon.<\/p>\n
The game farm has been under the spotlight since June this year when it was revealed \u2013 through a media statement by former Correctional Services Commissioner Arthur Fraser \u2013 that a robbery took place there in February 2020.<\/p>\n
Fraser accused the President of \u201cconcealing the crime\u201d \u2013 claims which the Presidency immediately dismissed.<\/p>\n
\u201cI have said and admitted that there was a theft at the farm and I have reported that to a General of the South African Police who later informed me that he has reported it to another General of the police. That matter obviously is under processing within the police service [and] they are dealing with it.<\/p>\n
\u201cI deny that there was any form of money laundering. I have said\u2026that it was proceeds of game [farming]. I have been a cattle farmer and game farmer for a number of years \u2013 a matter that I have disclosed in my disclosures here in Parliament as well as to the secretary of Cabinet.<\/p>\n
\u201cThat is an activity that sometimes results in the sale of cattle as well as the sale of animals\u2026and that is a matter that takes place from time to time. So that in my view is not money laundering,\u201d he said.<\/p>\n
The President said he stands ready to be accountable and assured South Africans that he is cooperating with investigations and due processes related to the matter.<\/p>\n
\u201cI have said that I am willing, prepared and able to subject myself to all manner of investigations as well as inquires as well as processes that are unfolding here in Parliament. There is now a Section 89 process\u2026which I have clearly and openly said I will cooperate in and I will cooperate to the fullest of my ability.<\/p>\n
\u201cThis matter has been subjected to a number of investigations by a number of authorities. The other time I counted up to seven or eight authorities looking into this and I have said that I\u2019m willing to subject myself to that process and that process is now underway.<\/p>\n
\u201cMy accountability to Parliament will obviously fully culminate in the structure of the Section 89 committee that\u2026members of the National Assembly has set up and that is also where my full cooperation will also be displayed,\u201d he said.<\/p>\n
Source: South African Government News Agency<\/p>\n","protected":false},"excerpt":{"rendered":"
President Cyril Ramaphosa has categorically denied that he is or was involved in any acts of money laundering at the Phala Phala game farm. The President was answering questions in the National Assembly on Thursday afternoon. The game farm has been under the spotlight since June this year when it was revealed \u2013 through a … <\/p>\n