Tokyo Sexwale: Politician May Have Just Been a Victim of a Scam

Tokyo Sexwale: Politician May Have Just Been a Victim of a Scam

- Tokyo Sexwale's allegations about a large amount of money disappearing from the Heritage Fund reportedly has no backing

- Sexwale claimed that he and another person were in charge of the money when it 'mysteriously' vanished

- Sexwale stated in a recent interview that Finance Minister Tito Mboweni had been alerted and an investigation was taking place

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South African politician Tokyo Sexwale has been dominating headlines and social media trends this week after he made some claims about an insane amount of money being stolen from the Heritage Fund.

During a recent interview with a well-known media house, the anti-apartheid activist stated that billions of rands, which was meant to assist less fortunate students with free education amid the Covid-19 pandemic, was taken.

Sexwale claimed that he and another person was in charge of the Heritage Fund with a 'very powerful family'.

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Tokyo Sexwale: Politician May Have Just Been a Victim of a Scam
Although Tokyo Sexwale may have been a victim of a scam his claims are still being investigated. Image: Alexander Hassenstein - FIFA
Source: Getty Images

According to the eNCA interview with Sexwale, the businessman stated that the money that was stolen was in the country and moved through the South African Reserve Bank (SARB). He continued by saying that both President Cyril Ramaphosa and former president Jacob Zuma knew about the funds 'mysteriously' vanishing.

Sexwale explained that Finance Minister Tito Mboweni was made aware of the theft and that the issue was being investigated.

A report by TimesLIVE stated that the SARB and National Treasury released a statement, together, denying the ANC veteran's claims. The statement, according to the publication, seemed very similar to Mboweni's comments that Sexwale was a victim of a scam.

Previously, Briefly News reported that the National Treasurey rubbished Sexwale's allegations. Sexwale claimed that he and another person whom he did not name had been able to get the money from a single individual who now wanted to know where the money was.

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The National Treasury said that no such account exists or had ever existed and claims about non-existent money were not valid. The Treasury invited Sexwale or anyone else to come forward with any proof to substantiate their claims.

Minister of Finance Tito Mboweni also took to social media to deny the allegations made by the anti-apartheid activist.

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