A Call to President Jacob Zuma to Appoint Commission of Inquiry into the Barclays Bank Takeover in 2005 of Absa.
My first book Eye On The Money published in 2007 on page 13 records that ANC intelligence operatives in June 1999 informed me that "the arms deal was just the tip of the corruption iceberg that concerned oil deals, the taxi recapitalisation process, toll roads, drivers' licences, Cell C, the Coega development, diamond and drug smuggling, weapons trafficking and money laundering."
Archbishop Njongonkulu Ndungane called for a judicial commission of inquiry into the arms deal as early as August 1999. Patricia de Lille, then a member of Parliament and now mayor of Cape Town, also called for such an investigation in September 1999. As a former international banker, I informed both the British and South African governments as early as October 1999 that the Barclays Bank loan agreements for the BAE arms deal contracts would be fraudulent. I also repeatedly pleaded with the former Minister of Finance, Trevor Manuel not to sign those agreements.
Unable to refute the mountain of evidence of corruption on the arms deal, and in response to my application then before the Constitutional Court, President Jacob Zuma finally appointed the Seriti Judicial Commission of Inquiry in October 2011. Amongst the documents that I submitted to the Court were 160 pages of affidavits that detail how and why BAE paid bribes of £115 million (R1.5 billion) to secure its arms deal contracts, to whom the bribes were paid and to which bank accounts the bribes were credited.
The documents also reveal the complicity in money laundering of the British government as well as both international and South African banks. Corruption is so entrenched amongst British financial institutions that the City of London has famously been described as "the most corrupt square mile anywhere on the planet Earth."
I have made my submission to the Seriti Commission on June 13, 2012. As yet, I am not permitted to disseminate the contents to the media. This petition to President Zuma is made independently of that Seriti Commission submission. It is also made in response to the appeal by the current Minister of Finance, Pravin Gordhan on July 11, 2012, whilst addressing the SA Institute of Professional Accountants, for "honest citizens, civil servants and business to take a stand against corruption."