On August 2, 2023, Julius Sello Malema, the charismatic leader of the Economic Freedom Fighters (EFF), stepped before the media in a significant moment following the party’s grand ten-year anniversary celebration.
In a surprising revelation, Malema disclosed that several of his personal bank accounts have been abruptly closed. Expressing his frustration, he stated, “Both FNB and ABSA have closed my bank accounts. Even my 17-year-old son’s attempt to open a bank account was rejected. He hasn’t done anything wrong, yet we’re facing challenges with banks in South Africa.”
This incident resonates with similar cases, such as that of Duduzane Zuma, whose bank accounts met a similar fate some time ago. It’s worth noting that banks typically take such actions based on specific reasons, often rooted in concerns about potential money laundering or unusual financial activities.
For instance, if sizable amounts of money are deposited without clear explanations, accounts may be closed, and funds could be returned to the account holder. Malema’s experience underscores the ongoing tensions between prominent figures and financial institutions in South Africa.
Source:-
https://opr.news/s7f3adab3230803en_za?link=1&client=news
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