Corruption/State Capture: Pros, cons of amnesty in exchange for full disclosure

Every week The Money Show’s Bruce Whitfield puts a question posed by a listener to an expert to answer.

This week’s question:

Why not give amnesty – no jail time - to all those involved in corruption – as long as there is full disclosure?

They would have to pay back any money in their control at the date of the announcement of the amnesty.

This may be difficult, but with full disclosure, the authorities should be able to follow the money.

If the guilty party can prove the money has been spent/lost/etc. then there will be no payback.

I am not sure whether it should be just for state capture or all corruption.

If we don’t get rid of corruption, this country is going to really battle and the chances of us getting anything back now are slim, so we may as well try and get as many people as possible to come forward.

Once a few start coming forward, making full disclosure, it would make others pretty scared and may frighten them into disclosure as well.

I would hate to see Jacob Zuma get amnesty, but it’s more important to get the country moving.

We have had apartheid sins, tax and forex amnesties – why not another?

The Money Show’s Bruce Whitfield got University of Cape Town Senior Lecturer in Public Law Cathy Powell to answer the question.

Listen to her answer in the audio below (and/or scroll down for quotes from it).

Click here (then “like” the page) to follow Bruce on Facebook.

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