Former SARB Director Charged Following Tell-All Book

Former SARB Director Charged Following Tell-All Book

Former Director of the South African Reserve Bank (Sarb) Stephen Goodson has been charged for exposing confidential information and alleged criminal activity at the reserve bank in a tell-all book.

“The South African Reserve Bank is concerned that Mr Stephen Goodson, a former director of the bank, may have contravened Section 33 of the South African Reserve Bank Act, 1989,” said spokesperson Hlengani Mathebula.

“Section 33 of the Act constitutes a preservation of secrecy provision.

“The matter is now in the realm of the SAPS and, ultimately, the National Prosecution Authority.”

“The NPA will determine whether the matter merits any criminal prosecution,” he added.

Goodson published his tell-all book, titled ‘Inside the South African Reserve Bank – Its Origins and Secrets Exposed’, last year. In it, he alleges the reserve bank was involved in criminality and financial regulations.

Speaking to Independent Media on Saturday, Goodson said the bank had no case against him.

“They have no grounds to make that claim; they are just using state resources to get back at me for disclosing the truth about the criminal organisation that the bank has become,” he said.

“The Reserve Bank is supposed to work in the public interest, but that is not the case currently. It is a very secretive organisation; that is why they find it absolutely despicable that I dared to reveal the truth about the things they do there.”

In an interview with the Hawks’ Colonel Adriaan Schilz, posted to YouTube last week, Goodson claims he did nothing wrong because the Act only mentions directors are not allowed to disclose information. He said when he disclosed the information he had already left SARB for two-years.

Listen to the interview here:

Goodson resigned in 2012 after the Mail & Guardian reported that he had written various articles which appeared on right-wing websites in support of the economic policies pursued by Adolf Hitler in Nazi Germany.

He also reportedly believed that international bankers financed and manipulated the war against Hitler because they saw his model of state capitalism as a threat. He is also believed to have said the Holocaust was a fiction invented to extract vast amounts of compensation from the defeated Germans.

Goodson responded to the allegations by saying the articles could have been written by anyone with his name.

Image source: screengrab