Zuma could lose Nkandla if courts find he used illicitly gained money to build the property
- Jacob Zuma’s infamous Nkandla homestead could be taken away from him if the courts prove he used money gained through criminal activities to build the homestead
- Zuma’s own personal finances will come under the microscope during his corruption trial
- The court might examine whether any ‘donations’ Zuma received from Schabir Shaik was used to fund refurbishments at Nkandla
Former president Jacob Zuma has a lot riding on the outcome of his corruption trial, his freedom for one, but also his beloved Nkandla homestead.
Reports indicate that the state could confiscate the sprawling luxury property if the courts conclude that Zuma used money gained from criminal activities to build and or refurbish the property.
Zuma’s personal finances will likely come under the microscope during his corruption trial and authorities will very likely want to see the mortgage papers for the property.
Briefly.co.za gathered that the court might examine whether any of the so-called donations Zuma received from his former financial advisor and convicted fraudster Schabir Shaik was used to fund refurbishments and or building work at the Nkandla compound.
Shaik made 783 payments totalling about R4 million to Zuma throughout their relationship, if the court finds that any of that money was used to build Nkandla the State could seize the property and sell it to recoup some of the losses.
The former Public Protector Thuli Madonsela estimated that the total costs associated with the Nkandla property is approximately R246 million.
Zuma was forced to pay back R7.8 million of taxpayer money used for security upgrades at Nkandla, this is about 3% of the total cost of the property.
The former president made a brief appearance in the Durban High Court on Friday, he is accused number one in what could become the trial of the century. Zuma faces 16 charges of corruption, fraud, money laundering and racketeering.
The matter was postponed until 8 June 2018.
Zuma thanked his supporters outside of the courtroom and said he would continue to fight against the lies and conspiracies against him. He said he would never back down in his fight to free the black majority from economic oppression.
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If it is found the initial refurbishments were paid for from the proceeds of crime, Zuma will have to find somewhere else to retire to. Visit our Facebook page where you can send us a message or leave us a comment. Your story could be shared online.