Johannesburg - The main opposition Democratic Alliance said on Tuesday it would report Economic Freedom Fighters leader Julius Malema to Parliament's ethics committee over allegations that he benefited from funds linked to failed mutual bank VBS through Mahuna Investments.
Malema has denied any ties to funds stolen from the bank, which the South African Reserve Bank placed under curatorship in March last year.
On Tuesday DA chief whip John Steenhuisen said the party had consulted the declaration of members’ interests for 2017 as well as 2018 and found that Malema did not not declare Mahuna Investments in any form for either of these years.
"If the allegations that are being reported on turn out to be true, then Mr Malema would have broken the law not once but many times over, and would have acted against the very spirit of our Constitution which strives to ensure dignity and equality for all the people of South Africa," Steenhuisen said in a statement.
"The money that Mr Malema is reported to have splurged on luxuries such as hotels, horse races, and designer clothing, represent the life savings of thousands of South Africans who are otherwise extremely vulnerable and have very little means to support themselves in their day-to-day lives, let alone in their old age or retirement."