This Archive is from: 2001 to 2011 - There are 110,000 Articles
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South Africa: Malema Had Secret Trust Fund to Fund Lifestyle, Newspaper Says
WARNING: This is Version 1 of my old archive, so Photos will NOT work and many links will NOT work. But you can find articles by searching on the Titles. There is a lot of information in this archive. Use the SEARCH BAR at the top right. Prior to December 2012; I was a pro-Christian type of Conservative. I was unaware of the mass of Jewish lies in history, especially the lies regarding WW2 and Hitler. So in here you will find pro-Jewish and pro-Israel material. I was definitely WRONG about the Boeremag and Janusz Walus. They were for real.
Original Post Date: 2011-07-26 Time: 04:05:19 Posted By: News Poster
By Jean-Jacques Cornish The Johannesburg-based City Press reports that Julius Malema registered a trust shortly after taking up the ANC youth league presidency in 2008.
It says a cattle farm that Malema admits to owning was bought by the fund for 90,000 euros in cash in June last year.
Rejecting Malema application for an interdict gagging the newspaper, the judge ruled that publishing the story is in the public interest.
And the evidence contained in the report is credible.
The newspaper cites two independent, well-placed sources with knowledge of Malema’s financial dealings saying funds are regularly deposited into the trust.
Malema denies that the trust is being used to launder illicit funds, but refuses to divulge its purpose or bank balance.
After last week’s report that he’s building himself a 1.6 million euro house in an upmarket Johannesburg’s suburb, Malema called a media briefing to say it’s nobody’s business where he gets his money from.
Malema insists he’s a man of the poor.
Opposition political parties are calling on the taxman to investigate his wealth, saying it’s not compatible with his reported 2,500 euro monthly salary.
