Audit Report Links Gordhan To R4 Billion Corruption In Treasury

The Black First Land First (BLF) movement says the former Minister of Finance, Pravin Gordhan must be immediately punished for his involvement in over R4 billion corruption in treasury.

BLF’s agitation follows an Ann7 report which exposed that the Treasury ignored an internal audit report about gross negligence of business practices in the office managing Government’s critical Integrated Financial Management System (IFMS).

According to the Ann7 report, the internal audit exposed 54 IFMS processes which were problematic and, labelled 49 as ‘catastrophic’.

It’s said that nothing have been done about the damning findings of the audit report which was handed to Treasury on September 11, 2015.

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Check out the Ann7 report below:

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BLF expressed that the report is yet to be made public because Gordhan and his acolytes in Treasury attempted to “cover up this corruption involving the theft of billions of rands of public money.”

“We believe Gordhan is in parliament to continue the cover-up of corruption in cahoots with white monopoly capital – his business partners across many complex shareholding schemes,” added BLF.

With that, the movement urged ANC to immediately suspend Pravin Gordhan from parliament.

Also calling for the suspension of all the senior managers in Treasury who were in office at the time that the crimes were committed, BLF asserted that it will “lay criminal charges against Gordhan and his partners in crime.”

“It’s a serious indictment on the former Minister of Finance that a major corruption scandal by white monopoly capital has implicated him. Gordhan is corrupt, conflicted and compromised.

“(We)…applaud Ann7 for a credible balanced and fact based expose of the corruption in Treasury involving over four billion rand. (We) also, note the silence of the usual loud, but fake, crusaders against corruption,” stated the movement.

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Finance Minster Reacts To R4 Billion Corruption In Treasury

Reacting to the Ann7 report, Finance Minister, Malusi Gigaba offered that he and National Treasury leadership are looking into the issues raised in the news report.

Mr Gigaba related that an investigation into the matter has not yet been concluded. He promised that National Treasury will brief the public about the outcome of the investigation once it has been concluded.

Nonetheless, the Minister affirmed his confidence in the integrity of his predecessors and the Directors-General who have served the department.

“It is in the interest of clean governance and the fight against corruption that we closely examine any report that is brought to our attention that relates to any claims of irregularity.

“Building and maintaining public confidence is key in the work of the National Treasury,” he said.

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