Apple Inc
AAPL
$141.61
(+1.93%)
Alphabet Inc - Class C
GOOG
$2,279.07
(+4.47%)
Alphabet Inc - Class A
GOOGL
$2,266.72
(+4.23%)
Amazon.com Inc.
AMZN
$113.51
(+3.55%)
Microsoft Corporation
MSFT
$262.91
(+1.28%)
Meta Platforms Inc - Class A
FB
$196.64
(+0.51%)
Berkshire Hathaway Inc. - Class B
BRK.B
$275.69
(-0.65%)
Alibaba Group Holding Ltd - ADR
BABA
$120.13
(+3.56%)
JPMorgan Chase & Co.
JPM
$112.62
(-1.25%)
Johnson & Johnson
JNJ
$178.14
(-0.77%)
Bank Of America Corp.
BAC
$31.24
(-1.01%)
Exxon Mobil Corp.
XOM
$84.81
(-3.13%)
Wells Fargo & Co.
WFC
$40.10
(+0.45%)
Visa Inc - Class A
V
$200.54
(+0.68%)
Walmart Inc
WMT
$124.25
(+1.32%)
Shell Plc - ADR
RDS.B
$51.06
(0%)
Shell Plc - ADR (Representing Ordinary Shares - Class A)
RDS.A
$51.04
(0%)
Intel Corp.
INTC
$36.72
(+1.05%)
AT&T, Inc.
T
$21.17
(-0.66%)
Unitedhealth Group Inc
UNH
$505.24
(-2.35%)
Cisco Systems, Inc.
CSCO
$41.97
(-1.48%)
PetroChina Co. Ltd. - ADR
PTR
$44.47
(-6.08%)
Novartis AG - ADR
NVS
$84.28
(-0.1%)
Pfizer Inc.
PFE
$51.64
(-1.28%)
Taiwan Semiconductor Manufacturing - ADR
TSM
$76.11
(-1.16%)
Toyota Motor Corporation - ADR
TM
$154.67
(-0.52%)
Home Depot, Inc.
HD
$283.73
(+1.67%)
Oracle Corp.
ORCL
$71.99
(+1.58%)
Boeing Co.
BA
$137.70
(-1.53%)
Procter & Gamble Co.
PG
$144.70
(-0.97%)
Verizon Communications Inc
VZ
$51.42
(-0.43%)
Citigroup Inc
C
$46.61
(-0.56%)
HSBC Holdings plc - ADR
HSBC
$31.61
(-3.27%)
China Mobile Limited - ADR
CHL
$27.51
(0%)
Coca-Cola Co
KO
$63.28
(-1.71%)
Anheuser-Busch In Bev SA/NV - ADR
BUD
$54.63
(-0.82%)
Mastercard Incorporated - Class A
MA
$319.26
(+0.32%)
Abbvie Inc
ABBV
$153.93
(+0.09%)
Comcast Corp - Class A
CMCSA
$39.83
(-1.14%)
Philip Morris International Inc
PM
$98.08
(-1.65%)
Walt Disney Co (The)
DIS
$97.18
(+1.08%)
PepsiCo Inc
PEP
$169.04
(-0.21%)
Unilever NV
UN
$60.50
(0%)
Unilever plc - ADR
UL
$45.84
(-0.97%)
Merck & Co Inc
MRK
$92.64
(+0.24%)
NVIDIA Corp
NVDA
$149.66
(+3.05%)
International Business Machines Corp.
IBM
$137.62
(-2.48%)
3M Co.
MMM
$129.21
(+0.56%)
No Result
View All Result
The New York Ledger
  • Home
  • News

    UK Treasury plans to levy more corporation tax from sovereign funds

    Boris Johnson on the brink after Rishi Sunak and Sajid Javid quit UK cabinet

    France repatriates children and mothers from Syrian camps

    Alternate-Side Parking Is Back in Full Force: ‘It’s a Pain in the Neck’

    Israel needs to break the cycle of elections

    After Another Mass Shooting, New Jersey Tightens Gun Laws

    Trending Tags

    • general news
    • Risk News
    • Political/General News
    • industrial news
    • Travel
    • Financial Crime
    • business
    • consumer services
  • Spotlight
  • Politics
  • Business
  • Markets
  • Companies
  • Tech
  • Climate
  • Lifestyle
Subscribe
  • Login
No Result
View All Result
  • Home
  • News

    UK Treasury plans to levy more corporation tax from sovereign funds

    Boris Johnson on the brink after Rishi Sunak and Sajid Javid quit UK cabinet

    France repatriates children and mothers from Syrian camps

    Alternate-Side Parking Is Back in Full Force: ‘It’s a Pain in the Neck’

    Israel needs to break the cycle of elections

    After Another Mass Shooting, New Jersey Tightens Gun Laws

    Trending Tags

    • general news
    • Risk News
    • Political/General News
    • industrial news
    • Travel
    • Financial Crime
    • business
    • consumer services
  • Spotlight
  • Politics
  • Business
  • Markets
  • Companies
  • Tech
  • Climate
  • Lifestyle
Subscribe
  • Login
The New York Ledger
No Result
View All Result
Home News

Jacob Zuma barred South Africa spy agency from investigating Guptas, inquiry concludes

June 23, 2022
in News
A A
Share on FacebookShare on Twitter

Jacob Zuma manipulated South Africa’s spy agency to cover up alleged corruption by his allies and the Gupta business family, according to the final report of a judicial inquiry into the biggest scandal of the post-apartheid era.

The former president barred South Africa’s state security agency from investigating the Indian-born trio of brothers before they allegedly went on to “capture”, or systematically loot, the state under his presidency, the inquiry said on Thursday.

It added that president Cyril Ramaphosa “should have spoken out” on the Guptas as Zuma’s deputy before he was able to win a battle for control of the ruling African National Congress in 2018.

“He surely had the responsibility to do so,” despite his claims that he resisted graft from within, the inquiry said.

The inquiry has finished reporting back after what its head, chief justice Raymond Zondo, called a “tough four years” of investigation that many South Africans hope will now guide prosecutions, especially after two of the Gupta brothers were arrested in the United Arab Emirates this month.

South Africa is seeking to extradite them on charges of fraud and money laundering. The Guptas, who fled South Africa when Zuma quit power, have always denied wrongdoing, as has the former president. Zuma was jailed briefly last year for defying a summons from the inquiry.

Zuma’s 2011 blocking of a state security agency probe into the family was “if not the fundamental cause of state capture, certainly one of them”, the inquiry said. The spy agency was undermined by a “parallel structure that served the interests of President Zuma rather than the national interest”, it added.

Zondo had already concluded in April that Zuma had paved the way for the Guptas to “help themselves to the money and assets of the people of South Africa” in order to benefit their mining-to-media empire, even replacing the finance minister at their behest.

But the inquiry’s latest findings will also raise the temperature of a political battle over Ramaphosa’s promises to uproot corruption. It said that Zuma protected a graft-accused spymaster who went on to parole him from last year’s jail term, and who this month has also implicated Ramaphosa in covering up a home robbery.

Arthur Fraser, the state security agency’s former director-general, accused the president of concealing a robbery at his game farm in 2020.

Ramaphosa has admitted the theft but denied a cover-up and said the claims were “dirty tricks” by those who fear investigation for corruption.

In findings on the spy agency, Zondo said Fraser oversaw a parallel network that siphoned funds and that he should be investigated for criminal prosecution. Fraser has denied wrongdoing and has accused of perjury inquiry witnesses who implicated him.

Zuma stopped an investigation into Fraser and benefited years later when Fraser, as head of South Africa’s prison service under Ramaphosa, paroled him from his jail sentence on medical grounds, the inquiry said.

“The picture emerges that Mr Zuma put a stop to an investigation that could well have led to Mr Fraser’s arrest, prosecution and maybe imprisonment and Mr Fraser put a stop to Mr Zuma’s continued incarceration,” it said.

It was “difficult to understand” why Ramaphosa reappointed Fraser to head the prison service, it added.

Source: Financial Times

ADVERTISEMENT

Related Posts

News

UK Treasury plans to levy more corporation tax from sovereign funds

News

Boris Johnson on the brink after Rishi Sunak and Sajid Javid quit UK cabinet

News

France repatriates children and mothers from Syrian camps

News

Alternate-Side Parking Is Back in Full Force: ‘It’s a Pain in the Neck’

News

Israel needs to break the cycle of elections

News

After Another Mass Shooting, New Jersey Tightens Gun Laws

News

Chicago suburb officials say gunman had been planning massacre ‘for several weeks’

News

After another mass shooting, New Jersey tightens its gun laws

News

Restaurant Review: Saigon Social Looks Back at Vietnam

Popular News

  • DOJ’s big crypto crackdown

    0 shares
    Share 0 Tweet 0
  • This $20 Device Turns a Handgun Into an Automatic Weapon

    0 shares
    Share 0 Tweet 0
  • Brussels pushes for tougher sanctions enforcement via EU-wide body

    0 shares
    Share 0 Tweet 0
  • Humanities degrees: ave atque vale

    0 shares
    Share 0 Tweet 0
  • KPMG’s business in UAE split by partner infighting and coup attempt

    0 shares
    Share 0 Tweet 0

Latest News

Politics

White House dodges questions on voicemail Joe Biden allegedly left for Hunter Biden on business dealings

News

UK Treasury plans to levy more corporation tax from sovereign funds

Companies

Russia is waging war on Ukrainian healthcare

Markets

Oil prices turn sharply lower on fears recession will undercut demand

About Us

The New York Ledger is an online newspaper for cosmopolitans, global entrepreneurs, management staff, influencers, and other modern leaders who care about wider aspects and broader opinions.

Category

  • Business
  • Climate
  • Companies
  • Lifestyle
  • Markets
  • News
  • Politics
  • Spotlight
  • Tech

Topics

2020 Election 2021) Biomass Ultima Donald Trump global warming Project Phoenix8 Proud Boys Roberto Hroval Themis Ecosystem your-feed-visual-investigations
  • About
  • Privacy Policy
  • Terms & Conditions
  • Contact

© 2021 All Rights Reserved - Blue Planet Global Media Network

No Result
View All Result
  • Home
  • News
  • Spotlight
  • Politics
  • Business
  • Markets
  • Companies
  • Tech
  • Climate
  • Lifestyle

© 2021 All Rights Reserved - Blue Planet Global Media Network

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website, you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.