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A former national security chief laid a criminal complaint against Ramaphosa in June 2022, accusing him of kidnapping, bribery and other crimes concerning the theft of USD 580,000 in U.S. banknotes that was stashed in a couch at the president’s ranch.
South African President Cyril Ramaphosa will not face criminal charges over a hidden cash scandal that was revealed more than two years ago and led to an investigation by a special police unit, prosecutors said Thursday.
A former national security chief laid a criminal complaint against Ramaphosa in June 2022, accusing him of kidnapping, bribery, and other crimes concerning the theft of USD 580,000 in U.S. banknotes that were stashed in a couch at the president’s ranch.
The former security boss, Arthur Fraser, alleged that Ramaphosa had been keeping the cash hidden in furniture at his ranch to evade South Africa’s foreign currency laws when it was stolen. Instead of reporting the theft, Ramaphosa tried to cover it up by having members of his presidential protection unit track down the thieves, kidnap them, and then bribe them to keep quiet about the existence of the money, Fraser said in the affidavit filed with police.
The theft happened at Ramaphosa’s game farm in rural northern South Africa in early 2020 and had been kept quiet until Fraser’s allegations. It forced Ramaphosa to admit the theft took place and threw his presidency into turmoil ahead of a crucial party leadership vote.
He survived the scandal and was re-elected as South African leader this June, while the criminal investigation had been ongoing. Ramaphosa, 71, was also accused of money laundering, tax evasion, and breaching foreign currency laws over cash.
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Prosecutors said in a statement that the decision not to bring any charges against Ramaphosa or anyone on his security detail came after a comprehensive investigation process.
