Hlongwane sues Absa over closure of arms deal linked accounts
In 2013 Absa closed seven accounts belonging to Hlongwane due to suspicious payments that amounted to millions of rands. The Sunday Times in November reported that the accounts and those of six of his companies were closed in August 2013 after he was classified as a "politically exposed person" and a "high-risk client".
In December Hlongwane filed an application in the Pretoria High Court that said "Absa acted in bad faith, unreasonably, with an improper motive and/or in abuse of his rights" while acknowledging Absa’s right to close accounts where criminal activity is suspected, Business Day reports.
Hlongwane asked the court that his accounts be reopened and each of the plaintiffs – the six companies and himself – be awarded R1 million. The companies include Ngwane Aerospace and Ngwane Defence.
Absa will oppose Hlongwane’s application, saying it acted fairly and within the law.
READ MOREAbsa closed Hlongwane accounts over arms deal payments
New arms deal allegations surface
No Seriti cross-examination for Hlongwane
A number of allegations have been made against Hlongwane over his role in facilitating the 1999 arms deal, including one of accepting R24 million to help secure the contract for 26 Gripen fighter jets from the Gripen International consortium.
In 2015 the Swedish newspaper Expressen, citing the UK Serious Fraud Office (SFO), said that Hlongwane received millions of rand in commission to secure the Gripen contract. According to Expressen, R2 million was paid to Hlongwane in October 1999 via the company Red Diamond. The money then travelled via a Swiss agent into Hlongwane’s company Westunity.
In February 2015 the HSBC leak, according to Swedish Radio news programme Ekot, found 100 million kronor ($12 000) in three Swiss bank accounts belonging to Hlongwane. The programme reported that the money was related to the sale of Gripens to South Africa.
Last year the Seriti Commission into allegations of wrongdoing in the arms deal found nothing untoward had occurred, but the report, commissioned by President Jacob Zuma, was widely dismissed as a whitewash. Zuma himself faces the reinstatement of corruption charges linked to the arms deal.
- India delivers fast patrol vessel to Mauritius
- Debris found in Mauritius is from missing Flight MH370 – Malaysia
- Third successful conviction in 2016 of Somali pirates
- Mauritius operating a third Do 228
- Mauritius raises security level after gunshots fired on French embassy
- Mauritian PM picks son as finance minister
- Mauritius Coast Guard Service commissions ten patrol boats
- First Mauritius coast guard fast attack craft launched in India
- SAS Spioenkop steaming to Sri Lanka after porting in Mauritius
- Mauritius unveils plan to upgrade maritime surveillance capabilities in 2016
Airbus sells its shares in Atlas Elektronik
by AIRBUS Defence & Space, 13 January 2017
The company has entered into an agreement to sell its 49% share in Atlas Elektronik Group to thyssenkrupp.
Thales to equip the French forces with Spy'Ranger mini reconnaissance UAVs
by Thales, 10 January 2017
The mini surveillance and reconnaissance unmanned aerial vehicle has been chosen by the French Defence Procurement Agency.
Saab receives order from FMV for Gripen upgrades
by Saab, 10 January 2017
The order value is approximately SEK 215 million and deliveries will take place between 2017 and 2019.