, Actinic sent money abroad under the cover of so-called"ghost imports" – large forex transactions justified by apparently forged invoices from companies like Aulion.
As one banking source explained, this is the modus operandi in this line of work: a new company is set up to move money for two to three months, shut down and quickly replaced with a new, untainted vehicle. Each entity has to be understood as a piece of a much larger operation. It is not clear whether Actinic had accounts at more banks that moved yet more money in this rapid multi-pronged campaign. It did however have at least two additional accounts at Sasfin, identified in a forfeiture notice gazetted by the Reserve Bank in May this year.
This seems like a curious misstep for Jiwani, an otherwise experienced operator in the money-laundering business. An educated guess is that his appointment was made without his knowledge, to muddy the waters.First there was Babitha Sewram who was appointed as a director of Actinic on 25 March right before the company awoke from its slumber and infiltrated several banks at once. Her stint was however curiously short-lived and she resigned less than two weeks later on 5 April.
Later on, when Jiwani was mysteriously appointed way after the proverbial party was over, the paperwork to affect the change came from a provider called Salman Amla. He is linked to Actinic through Urquhart, the second apparent dummy director who saw the company through its money laundering spree. Bank statements for his firm, Saleem Ebrahim Attorneys, show how he moved millions of rands at Habib bank for entities we have identified as conduits for allegedly illicit payments abroad.
A bogus acknowledgement of debt was submitted to the Johannesburg high court and made a legitimate court order. This was then used at banks to justify forex payments.
amaBhungane Is the ruling (not governing) party going to take credit for transforming SA into the corruption power house of Africa.
amaBhungane Try reporting something people will actually be surprised at. SA is the hub of all crime...big surprise. NOT!
amaBhungane South Africa has become a hub for basically anything illegal thanks to the useless MYANC
amaBhungane They are following the steps of the south African president,the leader is a money launder PhalaPhalaFarmGateCriminal
amaBhungane Media lies only a fool can believe it
amaBhungane Really hoped the President when in the UK he would have sort assistance from Scotland yard on how to combat organised crime. Its good the fight against corruption is picking up but got to have inroads on orgarnised crime as well or we not going to be attractive for investments...
amaBhungane Led by the gangster Ramaphosa
amaBhungane South Africa and Ramaphosa as President has emerged the country as a hub for alleged regional money-laundering operations of staggering proportions. | amaBhungane _AfricanSoil sarstax
amaBhungane The president CyrilRamaphosa is the chief money launderer they are just following the leader
amaBhungane It is Ramaphosa and his Sudanese business partners. We do not do any money laundering here.
amaBhungane Looks like turf wars in the tobacco industry this one.with other other syndicate sponsoring the investigation
amaBhungane Thanks to Ramaphosa
amaBhungane The president is the kingpin of this operations. He is the chief money launderer
amaBhungane Every thing the ANC touched it “transforms” into shit
amaBhungane Ramaphosa is the example of money laundering
amaBhungane No surprise... Ukraine 2 I'm sure... Just look at who is power in SA.... MYANC PresidencyZA CORRUPTION PhalaPhalareport GRAVYTRAIN
amaBhungane Starting from the top 6 in MYANC
amaBhungane Nothing surprising there.
amaBhungane You must see how adept we are at stashing cash in couches 😉
amaBhungane Alleged? Mxm
amaBhungane Money in the laundry ? Ramaphosa style
amaBhungane Is this suppose to be a surprise?