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UNITED DEMOCRATIC MOVEMENT

MEDIA RELEASE

 

YENGENI NOT EXONERATED

STATEMENT ISSUED BY DR GERHARD KOORNHOF, MP
UDM SPOKESPERSON FOR PUBLIC ACCOUNTS

The admission by Stannic that Tony Yengeni did in fact apply for finance in January 1999, two months after receiving his luxury vehicle, does not constitute in any way exoneration from guilt for Mr Yengeni. The application was unsuccessful, after all, and he only started paying for the vehicle 7 months after acquiring it.

Questions still remain as to:
Why traffic department records reflect Stannic as title holder, if Yengeni 's application to them was unsuccessful.
Why did he only started paying for the vehicle after 7 months, apparently after rumours about the vehicle was surfacing.
Why, given the circumstances of the vehicle's acquisition, did Yengeni not declare the asset in the Parliamentary Register of Members' Interests?
Why did Yengeni not see his way open to bring the matter to the Parliamentary Ethics Committee, which is the relevant authority?

The arms deal controversy is the litmus test for the ANC government's willingness to deal with impropriety. With new revelation it appears that they are hell-bent on failing, this test as well as the country.

Enquiries:
Dr Gerhard Koornhof, MP
UDM Spokesperson for Public Accounts

Cape Town
5 September 2001

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