Johnathan Paoli
THE EFF have noted and rejected, with contempt, the South African Reserve Bank (SARB) report on the Phala Phala investigation which cleared President Cyril Ramaphosa of any wrongdoing in relation to the scandal.
The report found that a determination on whether exchange control violations had occurred was not available since the transaction was not allegedly concluded.
The EFF pointed to the increasing rumours of money-laundering being linked to the transaction and the Phala Phala Farm and insinuated that by their attempt to give an open-ended report, they inadvertently opened the possibility of laundering being a major factor.
“In their pathetic and poor attempt to cleanse Ramaphosa of the Phala Phala crimes, the SARB has unwittingly confirmed our suspicions that there was never a transaction or intention to have a legal transaction,” the EFF said.
Drawing attention to Ramaphosa’s possession of the foreign currency, the EFF said that the
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