Forum    Search    FAQ

Board index » Chat Forums » Political Opinions and Opinionated Posts




Post new topic  Reply to topic  [ 78 posts ] 
 
Author Message
 Post subject: Re: Zuma
 Post Posted: Tue Sep 12, 2017 6:19 am 
User avatar
Offline
Joined: Wed May 15, 2002 12:00 am
Posts: 9596
Well, here's something interesting. Corruption Watch (a local organisation and just guess what they do...) is asking the US to investigate some of the corruption surrounding the Guptas.

Interesting thing about international companies; it seems they fall under several jurisdictions sometimes. Which is why they have to have legal departments, I guess...


Last edited by CCC on Fri Sep 15, 2017 9:16 am, edited 1 time in total.
Top 
   
 Post subject: Re: Zuma
 Post Posted: Fri Sep 15, 2017 9:15 am 
User avatar
Offline
Joined: Wed May 15, 2002 12:00 am
Posts: 9596
So, in 2009, eight years ago, Jacob Zuma was facing seven-hundred-odd charges of corruption. The National Prosecuting Authority dropped the charges, and Zuma became President (not necessarily in that order, but the two events were very close to each other).

The Democratic Alliance (DA) has spent the intervening eight years arguing, in court, that the charges should not have been dropped and that dropping those charges was not a rational decision. Zuma and his legal team (and he has an excellent legal team) have been delaying this with appeals, more appeals, and delaying tactics... for eight years.

So now, they go to court with yet another appeal, in which Zuma's lawyers are expected to continue to argue that the decision to drop the charges was rational and made sense. Instead, they agree that the decision was irrational. After having spent eight years arguing the opposite.

One hopes that this means that the original corruption charges are now actually heard in front of a court. (Odds are, however, that Zuma's lawyers have some other, perfectly legal, delaying tactic in mind. They're strung this out for eight years, why stop now?)

Top 
   
 Post subject: Re: Zuma
 Post Posted: Thu Sep 21, 2017 3:42 pm 
User avatar
Offline
Joined: Wed May 15, 2002 12:00 am
Posts: 9596
Well, now KPMG has got itself involved in all this. Well, not so much "got themselves involved" and "have been involved all along".

You may have heard of them - they're a form of auditors. They do things like checking major international transactions for corruption, and preparing reports on various situations. Some time back, they presented a report on certain activities at SARS (the South African Revenue Service), which report was then used as the excuse to fire the former finance minister, Pravin Gordhan. (The one who kept trying to keep Zuma's fingers out of the treasury).

They've also apparently rubber-stamped a lot of transactions which are now known to have been mixed up with the Guptas.

Now, I don't by any means mean to suggest that the entire company was at fault here. It may have been a small group within the auditing firm which turned a deliberate blind eye to Gupta-linked activities. Nonetheless, the company itself is getting into a fair amount of trouble. They've admitted that the SARS report was flawed (interestingly, SARS is refusing to accept this) and have promised to donate the money they were paid for that report - and for auditing where Gupta-linked companies were involved - to anti-corruption groups or similar. Their South African CEO has resigned and been replaced. I don't know exactly what's going on inside KPMG, but I get the impression that there's a fair amount of internal panic.

Oh, and clients are dropping them like anything. No-one wants to be associated with a company which is in turn associated with so much corruption...

Top 
   
Display posts from previous:  Sort by  
 
Post new topic  Reply to topic  [ 78 posts ] 

Board index » Chat Forums » Political Opinions and Opinionated Posts


Who is online

Users browsing this forum: No registered users and 1 guest

 
 

 
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to: