#StateCaptureReport: Key players, violations and what’s next
3 November 2016
Cape Town - Former Public Protector Thuli Madonsela on Wednesday released a 355-page "state capture" report she compiled while still in office. Here is a summary of who was involved, what may have been contravened and what happens next...
The laws, codes and regulations that may have been violated:
The Constitution The Executive Ethics Code Prevention and Combating of Corrupt Activities Act (Failure to verify allegations of state capture could see a fine or maximum jail sentence of 10 years in a High/Regional Court and three years in a Magistrate’s Court)Public Finance Management Act (Disciplinary steps by a board or a fine/maximum jail term of five years for criminal conviction)National
Environmental Management Act (Contravention in handling rehabilitation funds could see a fine not exceeding R10 million or maximum of 10 years in jail, or both)Income Tax Act (Failure to treat rehabilitation fund in prescribed manner and for prescribed purpose means income tax imposed on the mining company and/or rehabilitation fund)The King III report on good corporate governance