State Security Agency victim of R1bn looting by 'Zuma loyalists'

State Security Agency victim of R1bn looting by 'Zuma loyalists'

The State Security Agency (SSA) revealed more than R1 billion was looted from a slush fund. The SSA has since said it is going to re-vet all its agents.

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State security minister, Dipuo Letsatsi-Duba, confirmed she will possibly dismantle the whole management structure, which the minister believes was illegal formed to loot the state's funds.

According to a Sunday Times report, sources close to the matter claim the re-vetting is only aimed at ridding the agency of those loyal to its ex director-general Arthur Fraser, and, by association, Jacob Zuma, the former president.

According to Business Tech, the vetting process will include background checks, which will look into personal, as well as busineess interests and associated, and a polygraph test, lifestyle audits and financial trails.

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It's believed the re-vetting will be done by the South African Police Force, as well as the South African National Defence Force's intelligence arm.

It's believed those who fail the several re-vetting structure could be dismissed.

Briefly.co.za learned that although the SSA's budget is classified government information, it's rumoured the agency is allocated arounf R4bn annually for operational costs.

In his book, The President's Keepers, Jacques Pauw claimed the Principal Agent Network, which was formed by Fraser to strengthen the SSA's intelligence gathering capacity, the PAN may have looted R1 bn since it was founded in 2015.

READ ALSO: Jacob Zuma’s kids face eviction from their Jozi home for missing rent

Pauw writes the project has 293 cars. Most are luxury BMWs and Mercedes-Benz, while R20 million spent to store the vehicles in Gauteng and the Western Cape.

Although there's been a massive outcry regarding the re-vetting of staff, Letsatsi-Duba said those who are defying her orders are the main culprits in the looting.

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Source: Briefly.co.za

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