Sinton revealed the bank records of Regiments Capital, which showed that the company received more than R100m in business from Transnet in 2014 alone. But this money was not kept in Regiments' account.
Sinton told the commission that after numerous media reports on Gupta businesses emerged in 2015, and after Absa and KPMG both announced that they had cut ties with these entities, Standard Bank set about conducting an internal analysis of their clients' accounts.
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Standard Bank cut ties with Gupta companies after spotting dodgy transactions, inquiry toldStandard Bank flagged millions of rands in suspicious transactions between between Transnet and the Gupta-linked Regiments Capital in 2014 - which ultimately led to the bank cutting ties with businesses related to the controversial family two years later. Why they out there charging black people dodgy interests These banks are playing the good guys in this case. They allowed the money laundering to happen for +-9 years, only when the heat was turned up on the Guptas then they knew the banks would be investigated and hence closed the accounts
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