State capture: Joburg cash-in-transit company used to launder money

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State capture: Joburg cash-in-transit company used to launder money.

The commission believes that R97m of that total amount was siphoned off to various entities through a"detailed scheme of money laundering", which involved among others a company called Koroneka Trading and Investments, which was irregularly appointed to manage ground-handling services at both airports.

The business, before it was liquidated in March 2018, was moving about R500m a month for its various clients, said Viljoen. Describing a typical day at work, Viljoen said she would receive about 100 calls from clients who would request various amounts of cash. Viljoen would then wait for the client to deposit the money into AMFS's account. She would then place an order for cash with another company, SBV. Her drivers would go to SBV to pick up the cash before dropping it off with the client.But her clients were not properly vetted.

She said deliveries were made to the Bedfordview address but the Springs address was used on the invoices she issued to Markides. She said she had only ever visited the Bedfordview address and had been requested by Markides to invoice using the Springs address.In May 2015, Markides allegedly requested R9m cash, with the reference"Koroneka". Viljoen testified that she was under the impression that the money came from ITH.

 

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Yoh it's getting 🔥🧦🤢

This is ANC for you,corrupt to the core.

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