Guptas used web of companies in huge cash cover-up, Zondo probe hears

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Guptas used web of companies in huge cash cover-up, Zondo probe hears
Belgique Dernières Nouvelles,Belgique Actualités

Account records from Standard Bank have revealed an intricate web of alleged money-laundering, through which hundreds of millions of rand from state-owned entities were siphoned to small Gupta-linked shell companies.

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The state capture inquiry heard on Tuesday how the Gupta family and their business associates set up a string of companies that scored huge contracts with parastatals such as Eskom and Transnet, and moved money between one another to disguise its source.

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Belgique Dernières Nouvelles, Belgique Actualités



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