ASSET RECOVERY FAST-TRACKING
Ramaphosa appoints special state-graft tribunal to fast-track R7bn in civil claims
President Cyril Ramaphosa has established a special tribunal to fast-track the finalisation of more than R7bn in civil claims linked to corrupt or irregular state contracts, and ensure that looted taxpayers’ money is returned to the state. The tribunal’s work will start once the rules of court have been published. Ramaphosa’s decision, using the powers given to him by the Special Investigating Units and Special Tribunals Act, comes after the Special Investigating Unit (SIU) in 2018 only managed to recover R34m in cash unlawfully spent by the state. This is while the SIU has been fighting in several courts to get back the billions wasted on allegedly invalid government contracts. "Fast-tracking these matters through the special tribunal will enable the SIU to recover monies and/or assets lost by state institutions through irregular and corrupt means; thus ensuring that those who are responsible for the loss of monies and/or assets by state institutions are held accountable," presiden...
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