Ramaphosa says that R15 billion which was looted may return to state

Ramaphosa says that R15 billion which was looted may return to state

- Cyril Ramaphosa says that billions which were looted from public funds could be returned

- This come as he announced the formation of a Special Tribunal

- The tribunal will expedite civil claims related to state capture

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Cyril Ramaphosa says that R15 billion which was looted from the state may soon be returned.

During his State of the Nation Address, Ramaphosa said that a Special Tribunal established by the Special Investigating Unit would look into recovering looted funds.

The Tribunal will expedite civil claims brought to it by the SIU.

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This Tribunal will reportedly be made up of eight judges. Ramaphosa said it will begin its work in the next several months, according to Eyewitness News.

The announcement of the Tribunal came as part of the president's proposals to clamp down on state capture. Other measures he proposed included strengthening the NPA to take on those implicated in corruption, as well as bolstering the Asset Forfeiture Unit to attach the assets of those found responsible for looting.

Likewise, Ramaphosa said that SARS and the State Security Agency would also be strengthened in order to combat government corruption.

READ ALSO: President Cyril Ramaphosa says he won’t budge on SARB issue

In his speech, Ramaphosa promised that his administration would put an end to state capture and establish an "ethical state", Briefly.co.za has gathered.

Specifically, he said that government was looking into ways to rooting out "corruption patronage, rent-seeking and the plundering of public money".

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Source: Briefly.co.za

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