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How R200 million was ‘syphoned’ from ANC accounts

South Africa: How R200 million was 'syphoned' from ANC accounts South Africa: How R200 million was 'syphoned' from ANC accounts
The ANC currently controls eight of South Africa’s nine provinces.

A recent investigation has revealed shocking details about how African National Congress (ANC) allegedly ‘syphoned’ R200 million from party accounts.

Enveloped in secrecy and deception, huge sums of money were funneled from the ruling party’s bank accounts to a charismatic pastor in Eswatini, only to mysteriously vanish. This story, based on leaked documents from the Eswatini Financial Intelligence Unit (EFIU), uncovers a web of deceit that will leave you astounded.

South Africa: How R200 million was 'syphoned' from ANC accounts
South Africa: How R200 million was ‘syphoned’ from ANC accounts

The group seemed to exude an air of camaraderie and confidence as they posed for the photo, but little did they know that their night out in Kuala Lumpur would soon become the center of a scandal involving the alleged siphoning of millions of rand from the ANC’s bank accounts.

According to leaked documents from the EFIU, a staggering R200 million was allegedly transferred from the ANC’s bank accounts to the charismatic pastor, Shepherd Bushiri, in Eswatini. The money was then said to have disappeared without a trace, leaving a trail of suspicion and disbelief in its wake.

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The involvement of high-ranking officials such as Bongani Mahlalela and Sibusisiwe Mngomezulu in this scandal only added fuel to the fire. As the CFO of the ANC, Mahlalela’s alleged role in the transfer of such a large sum of money raised serious questions about the party’s financial management and integrity. Mngomezulu, on the other hand, being a diplomat and close relative to the Swazi monarch, brought an even greater level of intrigue to the story.

A recent investigation by the EFIU has uncovered a web of suspicious transactions that have funneled millions of dollars into the accounts of popular Eswatini Archbishop Bheki Lukhele and his All Nations Christian Church in Zion.

The leaked documents obtained by AmaBhungane through the Swazi Secrets project reveal a series of transactions that raise red flags for potential money laundering and theft from the All Nations Church. From 2015 onwards, over R200 million has flowed from South Africa into Eswatini, with a significant portion ending up in the accounts of Archbishop Lukhele and his church.

The involvement of Sibandze’s three companions – Mahlalela, Mngomezulu, and Coglin – in these transactions has raised suspicions among financial regulators and investigators. The EFIU, tasked with safeguarding the local and international financial system, has launched a thorough investigation into the matter.

The leaked documents include bank records, internal communications, and confidential investigative reports that shed light on the intricate money flows and potential illegal activities.

The ANC connection: Unraveling the Financial Scandal

South Africa: How R200 million was 'syphoned' from ANC accounts
The ANC currently controls eight of South Africa’s nine provinces.

A scandal has been brewing within the financial landscape of Eswatini involving Archbishop Lukhele and his connection to the (ANC in South Africa. The suspicious transaction report submitted by FNB in 2019 shed light on the alleged collaboration between Lukhele, the ANC’s CFO Mahlalela, and former Chancellor House executive, Ambassador Mngomezulu.

The report revealed that funds from the ANC’s election fund account were being funneled into Lukhele and the church’s accounts, raising suspicions of money laundering and illicit financial activities. The EFIU, along with the FIC in South Africa, initiated a cross-border investigation into the individuals and entities involved in the scheme.

Leaked documents from the EFIU exposed a trail of money flowing from South African companies believed to be mere fronts for fraudulent activities. The Archbishop had personally received a substantial amount of R40 million from these companies, with payments referencing ANC and Bongani Mahlalela.

In 2018, the  Lukhele’s church. Money began to flow into the church’s account, with a large portion of it coming from an account linked to the king’s brother-in-law and former Chancellor House executive, Mngomezulu.

Upon closer investigation, FNB discovered that some of the deposits into Mngomezulu’s account originated from the ANC Election Fund account. What was particularly concerning was that the payments from the governing party to Mngomezulu appeared to be disguised.

The references in Mngomezulu’s account were all linked to the ANC account but were made to look like they were payments to various companies such as XGM Trading and Projects.

This is part one of this story, keep checking for part two.


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