Wed Jun 19 02:34:27 SAST 2013
Wed Jun 19 02:34:27 SAST 2013

Money was for Zuma's children: Shaik

Dec 14, 2012 | Sapa | 65 comments

The millions of rand convicted fraudster Schabir Shaik gave President Jacob Zuma was for the “upkeep and education” of his children.

DIRTY DEALER: Schabir Shaik and Jacob Zuma's conduct is not to be taken lightly. Pic: RICHARD SHOREY. © Business Day. SCHABIR SHAIK TRIAL.

Shaik said he gave the money to help the children with “no pressure whatsoever from the president”.

The funding was “so that he [Zuma] would not have this financial burden. So that he could focus on the issues at hand,” Shaik was quoted as saying.

Shaik was found guilty of two counts of corruption and one of fraud in 2005 for alleged irregular financial dealings with Zuma, who was deputy president at the time.

In January, The Sunday Independent reported that Shaik wanted a presidential pardon and the repayment of R2 million he claimed was outstanding on loans to Zuma.

An amount of R2.5m had been loaned to Zuma, and was primarily used for his children’s upkeep and educational needs.

Only R500,000 had reportedly been repaid.  

The Mail&Guardian reported that Shaik had denied benefiting from his relationship with Zuma, and had said he had unsuccessfully tendered for several projects in KwaZulu-Natal while Zuma was the MEC for economic development.

Comments

Wed Jun 19 02:34:27 SAST 2013 ::
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Dec 14, 2012

CheeseBoy

eh Shaik seeing as you are throwing money around for a good cause, I have 2 kids who could use some of your millions for their education.
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Dec 14, 2012

CheeseBoy

corruption is pretty much like buying stolen property. The thief is just as guilty as the person who buys it.

I still find it hard to understand how between the corrupted and corrupter only one is found guilty.
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Dec 14, 2012

Mothata

Yah neh, So says the person who is supposed to be dead today. How long do terminally ill people live?
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Dec 14, 2012

TLekota

So Mr President is just someone who receives money left right and Centre. Haai Zuma.
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Dec 14, 2012

Papage

So Zuma remain Clean as others are arrested left and right, was President Mbeki wrong to remove him as his deputy? No, Zuma is corrupt and must be arrested and brought to book, Nkandla must be seized
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Dec 14, 2012

TrapStar

hahahaha We should have a new MOTO


ZUMA - THE ROAD TO RICHES
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Dec 14, 2012

oldlady12

Hehe, so the prez makes children left, right and centre, and then he can't "upkeep" them? Is it culture to make children for someone else to "upkeep"?
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Dec 14, 2012

T.C.T

matsogo a tlhapisana....isandla sa gezana
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Dec 14, 2012

oldlady12

TrapStar, The Short Road to Riches.
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Dec 14, 2012

cornelius

Ja, Zuma should have gone to tjoekie with Shaik. Instead, this wonderful organisation, the ANC, is going to make him the president of the largest economy in Africa for another term, so that the looting of our money can continue unabated. Sies ANC !
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