8th June 2020
Former Bosasa boss Angelo Agrizzi has been slapped with letter of demand for R91 million by the team of liquidators managing the winding up of the corruption-accused Bosasa group. In a stunning change of fortune for the self-proclaimed whistleblower, Agrizzi now become the first of the Bosasa dons to face… Read More
2nd June 2020
It is a sheaf of paper just 15mm thick. But the ink on its pages records kickbacks totalling R9-billion paid or pledged to the Guptas and their associates. These pages and offshore banking data tell the story of how Transnet’s ambitious plan a decade ago to renew its locomotive fleet… Read More
19th March 2020
The Central Bank of the UAE is in consultations with its counterpart in Islamabad and will sanction a Pakistani lender operating in the emirates if it deems the bank has breached its anti-money laundering (AML) laws. The central bank has “zero tolerance for non-compliance with AML regulations,” and expects “high… Read More
11th March 2020
South Africa’s High Court on Tuesday cleared President Cyril Ramaphosa of lying to parliament about the source of donations to his 2017 campaign to lead the ruling party, setting aside a potentially damaging report by a powerful anti-graft watchdog. The high court judges described the watchdog’s approach as based on… Read More
9th March 2020
Jahangir Hajiyev was running out of money. That was the urgent subject before the board of a company based in the tax haven of Guernsey in September 2015. For years, Hajiyev, then chairman of the International Bank of Azerbaijan, had used a chain of trusts and shell companies stretching from… Read More
4th March 2020
By Zdravko Ljubas OCCRP — The South African real estate regulator is launching a probe into allegations that an agency violated financial regulatory laws when it sold properties worth US$3.2 million to the family of a former Mozambican president. South Africa’s Estate Agency Affairs Board (EAAB) said on Sunday that… Read More
5th February 2020
AP — A judge in South Africa issued an arrest warrant Tuesday for former president Jacob Zuma for failing to appear in court on a corruption case that he has sought to avoid for months — now by asserting that he is ill. The National Prosecuting Authority requested the warrant,… Read More
24th December 2019
South African police arrested two former senior managers at the state electricity company and two other suspects over allegations of fraud, corruption and money laundering at the Kusile power plant. Abram Masango, the former head of group capital at Eskom Holdings SOC Ltd. and France Hlakudi, a former senior manager… Read More
23rd December 2019
The SA Reserve Bank has imposed administrative sanctions on five banks and directed them to take remedial actions after it found weaknesses in each of the banks’ money laundering control measures following routine inspections conducted in terms of the Financial Intelligence Centre (FIC) Act. The Reserve Bank said in a… Read More
18th November 2019
British lawmaker Peter Hain will tell an inquiry on Monday that corruption under South Africa’s former president Jacob Zuma was enabled by international banks, corporations and governments which should now seek to recover the loot they helped launder. Hain’s submission on Monday to the Judicial Commission of Inquiry into State… Read More