MPs not buying Justice Minister Thembi Simelane’s loan explanation

Members of Parliament are not convinced by Justice Minister Thembi Simelane’s explanations about her loan from a VBS fixer.

They also questioned Simelane’s reasons for securing a loan from Gundo Wealth Solutions, which is not a registered financial services provider.

They pointed towards a conflict of interest since Simelane’s exercises executive authority over the National Prosecuting Authority (NPA) which is prosecuting those implicated in the VBS looting.

But Simelane said she did not have an improper relationship with Gundo Wealth Solutions, which the now defunct VBS bank paid million.

Simelane was at pains to explain to MPs her relationship with the VBS bank fixer who loaned her over R500,000.

But MPs like the Democratic Alliance’s (DA) Glynnis Breytenbach were not convinced by Simelane’s denials that the transaction was not improper.

“It’s the dodgy money that’s the problem – because all of their money was dodgy money, and you were the recipient of the dodgy money.”

Fellow committee member Heloise Denner from the Freedom Front (FF) Plus wanted to see the actual loan agreement.

“But I don’t see that loan agreement with Gundo Wealth Solutions provided. So I’d like to know is the loan agreement available. Can we have a copy of this loan agreement?”

Committee Chairperson Xola Nqola said the committee would get legal advice on how to handle the loan agreement, saying the committee would meet again next week.

-EWN

In other news – Generations: The Legacy’s Mpho haunted by R500 000 debt

Minnie nearly lost her life on Generations: The Legacy. If she had died, her blood would’ve been on Mpho’s hands.

Generations The Legacy's Mpho

Mpho asked the well-known Yster to help him burn down his house so he could claim the money from insurance. This act has turned him into a dirty cop overnight. He became desperate for the cash after being beaten to a pulp by Zobo, the mashonisa he borrowed money from. Read More

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