Targeting guilty individuals' pension funds could claw back looted state money
Crispin Phiri Minister of Justice & Correctional Services' spokesperson speaks to Clement Manyathela on The Midday Report about the case the Special Investigations Unit is making to the Special Tribunal that kicked off today.
It is hearing a preservation order application against the former head of the Office of the State Attorney in Johannesburg, Kgosi Lekabe in the Booysens Magistrate's Court.
He says he cannot comment on the case itself, but rather on the principles involved.
The use of a preservation order as in this case may create a precedent for how the state claws back funds that have been stolen from the state.
The idea is to attach the pension fund of a certain individual who is deemed to have irregularly benefitted from a state institution and that way the SIU will be able to recover funds from that individual specifically.Crispin Phiri, Spokesperson - Minister of Justice & Correctional Services
So this could a very important precedent moving forward for the corruption-busting agencies to say that if you steal from the state we are capable of collecting this money ultimately from your pension.Crispin Phiri, Spokesperson - Minister of Justice & Correctional Services
Just as corruption has effected society, it will have a direct impact on the personal funds and family of those found guilty, he adds.
Listen to the interview below:
EFF members will march to Eskom's HQ at Megawatt Park, meanwhile, coal trucks are moving into the Johannesburg business hub.Read More
The ANC and EFF refused to participate in the meeting to elect a new mayor until speaker Katlego Mathebe resigns.Read More
"It’s classic – he said he was in Soweto on his way to Robben Island!" says international correspondent Adam Gilchrist.Read More
"It’s now all predicated on saving R160bn in public sector wages. Are we going to keep to our promises?" asks Judge Dennis Davis.Read More
A video posted on a local Cape Town Facebook group shows a group of male prison inmates preparing drugs and smoking tik lollies.Read More
Sars Commissioner Edward Kieswetter discusses #Budget2020 changes to our tax system.Read More
The Money Show host Bruce Whitfield summarises Finance Minister Tito Mboweni's 2020 National Budget in a minute.Read More
Economic “jump starts”, electricity, no major new taxes… Here are the highlights of Minister Tito Mboweni’s 2020 Budget Speech.Read More
Watch Minister Mboweni pull a rabbit out of a hat – or not – from 2:00 pm when he delivers a tough-as-nails 2020 Budget Speech.Read More
180 000 injured workers and medical practitioners are facing financial ruin, yet the Fund is sitting on R60 billion in assets.Read More