Exposed! ANCYL President Bagged R5.4 Million Bond From Bank Of India


Undoubtedly, there are always reasons why we react to issues the way we do. The ANC Youth League President, Collen Maine didn’t respond to the Deputy Finance Minister Mcebisi Jonas’ public admission that he was offered the job of finance minister by the Gupta family the way he did for nothing. He has his reasons, he surely does, and his reasons whatever they are, may be linked to the R5.4 Million bond he got from Bank of India to buy his home in Woodhill Estate.

Maine you’ll recall, defended the Gupta family relationship with President Zuma when he stated that “the Gupta families are not there in our conferences,” and regarded Mcebisi Jonas as a man without integrity.

See Here: ‘Jonas Not A Man Of Integrity; He Should Be Out’ – ANCYL Leader

Is the multimillion-rand Bank of India bond why Maine defended the state capture allegations? Was that why he attacked Jonas? Did the Guptas influence the bond? Were they behind his unopposed emergence as ANC Youth League President?

Those were the questions Sunday Times raised in a report which exposed that Maine bought a R5.4 million home in Woodhill Estate a month after he was elected unopposed as the ANC Youth League President.

The report highlighted that “mystery surrounds” the “multimillion-rand Bank of India bond” given to Maine “last year to buy a mansion in a posh Pretoria East suburb,” irrespective of the ANCYL President’s claim that the bond he got wasn’t influenced.

As related, the Bank of India does not offer home loans, but deeds office records showed that Maine was granted a R5.4 million bond.

The ANC Youth League President who earns a monthly salary less than R30,000 reportedly stated that he could afford the repayments for a R5.4 million home because of his private businesses.

His 2014 declaration of interests revealed that he declared himself as the director of certain establishments. But according to Sunday Times, all the firms projects are being de-registered except Mokone Mokgoloko.

Commenting, Maine inferred that there’s no mystery surrounding the bond he got. “I approached a bank, a bank gave me a loan…Banks don’t work on influence, they are not politically linked,” he told Sunday Times.

Check Out: ANC To Discipline Bathabile Dlamini And Collen Maine Over Comments

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