South Africans will soon know how much of their hard earned money was looted in state capture following the news that the Bank Baroda has agreed to hand over the Gupta family bank records to SA civil society organisations.
CEO of Sygnia, Magda Wierzycka says together with the civil societies they are pursuing a civil case to all those involved in the looting of state money.
We are basically suing everybody, starting with President Jacob Zuma and all the Ministers involved, the Guptas and their affiliates which have been involved in the plunder of Eskom ....— Magda Wierzycka, CEO of Sygnia
This is a court case which we are fighting is on behalf of South Africa, it's a civil case. We basically saying we want to reclaim the money that has been stolen on behalf of South Africa.— Magda Wierzycka, CEO of Sygnia
Wierzycka says they have submitted about 800 pages of evidence to the and they are expecting this case to be concluded within a year.
She says the reason Bank of Baroda in South Africa is cooperating with the courts is the its office in India has been putting pressure to to cooperate with authorities.
The Guptas have accounted for 80% of business of Bank of Baroda in South Africa.— Magda Wierzycka, CEO of Sygnia
This is very significant because if we supplement Gupta leaks with these bank records, we can start tracing the money, know where it is and confiscate it.— Magda Wierzycka, CEO of Sygnia
Wierzycka aslo spoke about the new Eskom board saying the appointment Jabu Mabuza as Eskom’s new chairperson was a fantastic move.
The new board consists of 13-members.
He is a very highly respected businessman, a very acute thinker and I dont think he is going to tolerate any bull from the looters at Eskom.— Magda Wierzycka, CEO of Sygnia
I think he is going to move fast to try and stabilise that entity ...— Magda Wierzycka, CEO of Sygnia
To hear more of this conversation with Magda Wierzycka, listen below: