Former South African intelligence chief Arthur Fraser on Wednesday accused South African President Cyril Ramaphosa of violating the Prevention of Organized Crime Act, i.e. money laundering.

Fraser released a statement announcing that he had opened a case at the Rosebank Police Station, Johannesburg area, against the head of state, claiming that he had included in his complaint video footage and other evidence about a break-in at the animal reserve belonging to Ramaphosa in February 2020 in Limpopo province.

Fraser alleged that some four million dollars in cash was stolen on the reservation and with suspects abducted and interrogated. He added that Ramaphosa "hid" the incident from the police and fiscal authorities at the time.

The South African Presidency reacted to Fraser's statement saying that these accusations are unfounded, despite the fact that theft had occurred on the President's reserve.

"President Ramaphosa makes it clear that there is no basis for the allegations of criminal conduct that have been made against him in Fraser's complaint," reads the note, which adds "the Presidency can confirmate that a robbery occurred on the President's reserve in Limpopo on February 9, 2020 in which proceeds from the sale of game were stolen."

The presidential note indicates that "the President was attending the African Union Summit in Addis Ababa at the time the incident occurred. Upon being advised of the theft, Ramaphosa reported the incident to the head of the Presidential Protection Unit of the South African Police Service for investigation."

Police confirmed that a case of alleged money laundering and kidnapping was registered on Wednesday against Ramaphosa by former intelligence chief Arthur Fraser.

"The South African Police Service (SAPS) confirms that due process will be followed," said spokesman Colonel Athlenda Mathe.