The African National Congress Women’s League has called on the Public Protector Busisiwe Mkhwebane to conduct a full scale investigation into apartheid-era state looting.
This follows the preliminary findings obtained in the leaked document of the public protector, in which it recommends that Absa pay the Reserve Bank R2.25 billion.
The ANC Women’s League is the latest to add their voice to the leaked report of the public protector.
Released in a statement, the Women’s League says all those implicated in the apartheid-era state looting need to be brought to book.
The Women’s League says the suggested amount to be paid back, of R2.24 billion, by Mkhwebane does not address the initial amount of R26 billion which was allegedly stolen from government which was investigated by Ciex, a United Kingdom-based asset recovery agency.
It’s understood that from 1985 to 1992 the South African Reserve Bank provided a series of bailouts to then Bankorp and then from 1992 to 1995 to Absa as its survival was under threat.
An investigation was later conducted in 1997 by Ciex, which suggested to the Reserve Bank that it should recover billions from Bankorp which had been taken over by Absa.
The Women’s League says all beneficiaries of this looting must pay the amount back in full and with interest.
It says it will make submissions to President Jacob Zuma to institute an inquiry into Ciex and other related cases to state looting.