The scandal hit Former South African President Jacob Zuma has been accused of holding on to Muamnar Gaddafi’s loot which was meant to be passed on to his family should he die or be arrested.
Zuma denied an allegation by a local newspaper that former Libyan leader Muammar Gaddafi gave him the $30m (£22m).
According to the Sunday Times the money was to secure Col Gaddafi legal representation if he was captured and taken to court or to pass on to his family if he was killed.
The Libyan leader was caught and killed in 2011.
The allegation is that the money had been stored in a vault since 2011 in Mr Zuma’s private home before it was moved to eSwatini early this year.
It said that the country’s monarch King Mswati III was aware.
The paper also alleged that Mr Zuma’s successor Cyril Ramaphosa had knowledge of the cash movement.
Both South Africa and eSwatini have denied the allegations, the Citizen news site reports.
South Africa’s International Relations Minister Lindiwe Sisulu also denied the allegations saying the story did not reflect “realities on the ground”.
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