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South African President Cleared Of Criminal Charges In Cash Scandal

Cyril Ramaphosa waves as he arrives ahead of his inauguration as President, at the Union Buildings in Tshwane, South Africa, June 19, 2024. (Kim Ludbrook/Pool Photo via AP, File)

South African President Cyril Ramaphosa will not face criminal charges over a hidden cash scandal that came to light more than two years ago. The scandal involved the theft of $580,000 in U.S. banknotes that were hidden in a couch at the president's ranch. A former national security chief accused Ramaphosa of kidnapping, bribery, and other crimes related to the theft.

The former security boss alleged that Ramaphosa had kept the cash hidden to evade foreign currency laws and attempted to cover up the theft by having his presidential protection unit track down the thieves, kidnap them, and bribe them to remain silent about the money's existence.

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