Lesotho Times

Zuma’s nephew duped in gold deal

zumaJohannesburg — Khulubuse Zuma and his business partner Sikhumbuzo Shamase spent millions of rand on a trip to Conakry, Guinea’s capital, to collect R50 million worth of gold bars which turned out to be fake, the media reported.

Zuma and Shamase reportedly landed at Lanseria Airport, in Johannesburg, on February 16, on a chartered jet with the cargo, which was moved to OR Tambo International Airport under armed guard for secure storage.
However, when the sealed cargo arrived in Belgium on February 26, it turned out to be copper and zinc bars worth about R7 000, according to the newspaper.

Zuma and Shamase reportedly claimed they had been suckered and said the cargo had passed a laser gun test and had been certified as 99.9 percent pure gold by Guinea’s Central Bank.
The gold was bought on consignment from a group of 250 villagers in Guinea. “It’s a corrupt system where the military together with traditional leaders who own the land collude,” Shamase was quoted as having
said.

He said they did not know what happened because they had done this before and it had always gone well.
Shamase reportedly said the matter had not been reported to the authorities because it was “darkest Africa”, and they had taken a knock on the chin because it was part of doing business in Africa.

The deal was done under the name of thecompany Sham-Mok Investments. — Sapa

Lesotho Times

Lesotho's widely read newspaper, published every Thursday and distributed throughout the country and in some parts of South Africa.

Contact us today: News: editor@lestimes.co.ls Advertising: marketing@lestimes.co.ls Telephone: +266 2231 5356

1 comment

Lesotho on Instagram

  • Are you interested inBinary forex option Tradetrading in binary and
    10 hours ago
  • canon lesotho photography FrostImagery Summer preweddingphoto
    8 hours ago
  • Some walks you have to take alone
    10 hours ago
  • Are you interested inBinary forex option Tradetrading in binary and
    10 hours ago
  • Are you interested inBinary forex option Tradetrading in binary and
    10 hours ago
  • lesotho sanipass blanketpeople
    9 hours ago
  • Wedding bliss the Lesotho way! Happy new week from Rujecko
    9 hours ago
  • Hathetsane lesotho Djboxers reabakena
    9 hours ago
  • As we celebrate HOUSE MUSIC Looking forward djlife housemusic AOHM
    10 hours ago
  • Are you interested inBinary forex option Tradetrading in binary and
    10 hours ago

Tweet your Feedback

Follow us

Don't be shy, get in touch. We love meeting interesting people and making new friends.

Most popular