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Malema ready to clear his name

Julius Malema says he has nothing to hide and is looking forward to his next court appearance.

Malema Supporters arrive at the Polokwane Magistrates Court on 26 September 2012. Picture: Christa van der Walt/EWN

POLOKWANE - Expelled ANC Youth League (ANCYL) leader Julius Malema on Wednesday said he is ready to clear his name.

Earlier, he was granted bail of R10,000 in the Polokwane Magistrate's Court after appearing on charges of money laundering.

Speaking to supporters outside the Limpopo court, Malema said he has nothing to hide and is looking forward to his next court appearance.

"We are not going to say that the charges must be dropped. We are saying to the court, we have presented ourselves and we are ready to answer any questions. We are not hiding anything."

Outside court, the 600-strong crowd dispersed after singing songs and marching through the streets.

Roads that were closed off around the court were reopened, with police packing up the barbed wire that acted as a barrier.

Many Malema supporters said they were tired after Tuesday's vigil.

Some supporters said they still have to attend classes at varsity later in the afternoon.

The parking lot where the crowd gathered was left littered with posters and ANCYL pamphlets.

MONEY LAUNDERING CHARGES

Malema handed himself over to police on Tuesday.

He faces 16 charges of money laundering amounting to R5 million.

According to the charge sheet, Malema's Ratanang Family Trust received nearly R6 million made from irregular and fraudulent tenders.

On-Point Engineering, the company at the centre of the debacle, is partially owned by Malema's trust.

The company was awarded sub-contracting tenders for kickbacks after it won a bid to handle a Limpopo roads infrastructure contract.

The fees for tenders were then paid into Malema's trust, which allegedly funded his lavish lifestyle.