OPEN LETTER TO JOHAN RUPERT
Ref is made to:
Ciex Investigation & findings.
Operations on behalf of RSA Government Aug 1997-Dec 1999.
Commissioned to Judge Willem Heath(Heath Commission)
Discovery of fraud:
(1) The existence of illegal gifts to Absa/Bankorp, Bankovs, Fnb & Nedbank dressed up as Lifeboats and organised by Chris Stals in concert with Marius Darling (Sanlam), Danie Cronje(Absa) and Anton & Johan Rupert (Rembrandt)” was discovered by Ciex during 1995 while working on behalf of a UK Investor in Toll- Gate who had been defrauded by Absa Management, with the collaboration of Chris Stals & Senior Sarb Managers.
(2) Similar Fraudulent schemes were discovered to be operated by Officials & Ministers in relation to “Bond Issues”.
The Sarb issued undisclosed trenches of bond issues to Absa, in dollar denominations, stock numbers are:
#RSA 150:12% maturity date 28.2.05
#RSA 153:13% maturity date 31.8.10
“These unrecorded transactions represent potentially heavy liability for government”
Similar Bonds worth R750m were issued to Absa as part of the soft loan/ Lifeboat, which was nothing but a gift @ 16% yield of which Absa was allowed to pocket the difference between so called loan was at 1% and they pocketed. In layman’s terms, this means whatever amount allegedly paid back to Sarb on this bogus lifeboat was paid back to Absa in the form of the gains from these Bonds @15% Yield. The argument that this was done as collateral for the protection of depositors is an insult to the financial/accounting profession, as the shares should have been used as collateral.
Danie Cronje was recorded in 1998 as saying to a bank official in the UK:
“We are getting the S.A. Government pretty much under control in this matter & might well get away with no more than a warning”.
Chris Stals is nothing but a crooked human being who cannot be trusted with whatever he says.
His defence statement to former Public Protector is a conscious and deliberate obfuscation and distortion of the truth, he continues to lie.
Ref is made to November 1997, South African Supreme Court judge Mr Justice HC Nel issued a damning report on Mr Stals’s reign at the Reserve Bank and called for his influence on the South African business community to be “eradicated”.
Further ref is made to:
Chris Stals in speaking to the Parliamentary inquiry into Cape Investment Bank (CIB) to Mr Justice Rabie`s secret arbitration and to the 417 inquiry into Toll-Gate, Stals provided different accounts of justifications for supporting Bankorp’s so called lifeboat and causes of Bankorp problems.
All the key participants in this financial crime were members of a secretive organisation (Broederbond) dedicated to the maintenance of white minority rule and to maintain and preserve the Afrikaner nation’s dominance in an overwhelmingly non-Afrikaner society.
Stals was a prominent member of the Broederbond. His father was a leader since 1918 .
Leading executives of Absa and the banking group’s two chief shareholders, the Rupert Group and insurance giant Sanlam, were also Broederbond members.
The same broederbond were the funders via Absa of a then secretive organisation with the deceptively bland title of Directorate of Covert Collections (DCC) which was established in the dying days of apartheid. The DCC set up a network of front companies to facilitate the grisly work of apartheid’s death squads around the world.
This constituted to the Act of Terrorism Funding, also regarded as one of the most serious international offences or “act of war”.
Officially the Broederbond no longer exists, but this particular leopard changed its spots and started operating under Project Grapevine which later changed to Project Spiderweb and still continues its operations & objectives .
My name is Jeff Koorbanally a Private Forensic Investigator and I have been investigating allegation of fraud,theft against SARB,SANLAM,ABSA/BARCLAYS,FNB, since 2009. for fraud & theft, money laundering since 2009.
The Bonds were traced on Absa International banking data base (Forex) A Dormant account came up in the search as: Account dormant antrecode 0000/4444, this antrecode was linked to UBS.
Account type Catogory “S” Account name A(MM) Surtie. Account preferred centre Absa Towers Jhb, Transfer Inheritance, Amount $36 billion dollars, date 1984.12.10 from UK to Barclays S.A. Ltd.
The next screen reveals the trenches of Govt Bonds in USD totaling the $36billion. It also revealed that the bonds were issued between Jan – June 1985 (to be specific last date was 7.6.1985).
My conclusion is that this case is the biggest fraud, theft & money laundering ever committed by any country and the amount involved is in access of over R2,5 Trillion. These actions started in 1985 and continued in post 1994 todate.
The Lifeboat/Gift to Bankorp revealed by British Ciex report is part thereof.
This crime was committed by issuing Open Ended, Tap base & Bearer type, Government Bonds, issued in several trenches in USD denominations, with the grand total of $36 billion Us Dollars in 1985.
It was Masterminded by the under mentioned trio:
- Dr Gerhardus Petrus Christiaan de Kock (Then Governor Sarb)
- Dr Christian Lodewyk Stals ( Then DG Treasury)
- Barend Jacobus du Plessis (Then Finance Minister).
The main beneficiaries of this crime are:
- Rupert Family and shareholders through Remgro & Associates
- Oppenheimer Family through Anglo American & Associates
- UBS (Bankorp shareholders)
- Absa/Barclays (Executives & Shareholders
- Fnb bank (Executives & Shareholders)
- Sarb ( Old Executives & shareholders)
Main Accomplices to the crime in the Democratic Government era, in terms of their knowledge and failure of disclosure & cover up thereof are:
This crime is currently holding our Democracy at ransom, with the potential of taking the country down to zero. This crime was a serious crime of money laundering into world stock markets in total violation of the Stock securities Commission Act, Penalties for such crime is total suspension from Sovereign bond markets, in addition heavy fines can be imposed with the Max of 4 times the value of the crime ($36bn x 4 =$144 billion)
Am on record with all the under mentioned institutions on this matter,and the facts cannot and have not been disputed.
*SAPS (dpci)& NPA (request for full investigation & prosecute was requested)
*SARB (request to access to info was requested & denied), *ABSA(request for cooperation was denied),
*NIA (Recoveries approved by the President failed due to lack of capacity & jurisdiction issues), *SASS (Matter was referred to back to NIA due to being domestic matter, as SASS deals with Foreign matters only)
*SCOPA &,AUDITOR GENERAL (Both institution were awaiting For PP findings).
*FW De KLERK FOUNDATION (They did not dispute it, but claimed that De Klerk would have not known about it as he had other Presidential duties),
*FINANCE MINISTRY/TREASURY (Request for a complete audit on bonds issued from 1985-1999 & request to access to info, and claim was lodged all was ignored ) *FIC (Access to info ignored,
* OPP( Complaint of mal administration was reported 2010 alongside Adv Paul Hoffman, she undertook to complete before her end of term and never did. Since found out that the complaint was down washed to exclude the Bond Issues and Excluded Sanlam & Remgro).
*FSB ( request for Full Probe of inside trading by Absa/Barclays with these said bonds, was denied stating only parliament could request such)
This is a shortened version of Jeff Koorbanally’s letter. The views and information contained in this letter have not been confirmed by UnCensored. We publish this letter with the hope that those implicated will respond to Koorbanally.