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President Cyril Ramaphosa. Picture: BLOOMBERG
President Cyril Ramaphosa. Picture: BLOOMBERG

Police are investigating one of President Cyril Ramaphosa’s advisers for allegedly smuggling foreign currency on behalf of the president, the Sunday Independent reports.

The unidentified aide is said to be under investigation by the police’s priority crimes unit for smuggling money from Qatar and Saudi Arabia on a private jet while travelling on a diplomatic passport, according to the newspaper. 

This version of events is at odds with Ramaphosa’s statement that the source of the foreign currency, which was stolen from his farm in 2020, was from the sale of livestock. Ramaphosa is one of SA’s biggest farmers of Ankole cattle, a rare Ugandan breed. 

The presidency and the priority crimes unit were not immediately available for comment when contacted on Sunday.

Citing unidentified sources, the Sunday Independent alleges that the money from the two Arab countries was placed into pieces of furniture before being transported to Ramaphosa’s farm.

Arthur Fraser, a former director-general the National Intelligence Agency, accused Ramaphosa of money laundering and corruption on June 1, and said that he covered up the scale of the theft at the farm. 

In his affidavit, Fraser alleged that about $4m that was stored in furniture on the farm had been taken. Ramaphosa has confirmed that money was taken from the farm, but far less than what Fraser alleged, and he has denied any wrongdoing.

Ramaphosa has been instructed by the ANC to appear before its integrity committee to address the matter. He’s also being probed by SA’s graft ombudsman. The scandal comes just five months before Ramaphosa is expected to seek re-election as president of the ANC.

Bloomberg News. More stories like this are available on bloomberg.com


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