1st November 2017
HSBC is being investigated by the British Serious Fraud Office and other agencies for its ‘complicit role’ in an alleged money laundering network operated by wealthy connections of South African President Jacob Zuma. The alleged role of the bank is also being examined by the National Crime Agency and… Read More
1st November 2017
Gupta-owned and linked companies were turned away from Postbank, after they requested opening a bank account with the South African Post Office’s (SAPO’s) bank. This was revealed in written Parliamentary papers on Tuesday. “No member of the Gupta family approached the Postbank to open up an account,” said Telecommunications… Read More
20th October 2017
The shadow chancellor, John McDonnell, has called for an inquiry into London’s role in global money-laundering, amid concern about UK banks’ exposure to a corruption investigation into ties between South Africa’s wealthy Gupta family and President Jacob Zuma. Speaking after it emerged that the FBI is to examine any links… Read More
19th October 2017
BBC UK banks may have been used to launder money stolen from South Africa, a former cabinet minister has alleged in a letter to Chancellor Philip Hammond. Lord Peter Hain said a South African whistle-blower had indicated the banks “maybe inadvertently have been conduits for the corrupt proceeds of money”. Read More
17th October 2017
What could former financial adviser Schabir Shaik reveal about his relationship with Jacob Zuma if he turned state witness in a corruption trial against the president? That, for starters, he ran almost every aspect of Zuma’s financial affairs for almost a decade – paying hospital bills, debts, rent, vehicles, bonds,… Read More
17th October 2017
Global consultancy firm McKinsey has admitted that it found violations of its professional standards, as its probe into the firm neared completion. But it denied that the firm was involved in any acts of bribery or corruption, or had made payments to Trillian. In a statement on Tuesday, McKinsey… Read More
13th October 2017
South Africa’s President Jacob Zuma must face charges of corruption, fraud, racketeering and money laundering, the Supreme Court of Appeal has ruled. It agreed with a lower court ruling last year that prosecutors could bring back 783 charges relating to a 1999 multi-million dollar arms deal. The charges had been… Read More
6th October 2017
By Barry Bateman, Eye Witness News Six years after the National Prosecuting Authority (NPA)gagged the Mail & Guardian, the publication has finally been able to reveal the lies former spin doctor Mac Maharaj allegedly told to the NPA and the bribes he accepted to secure tenders. The Supreme Court of… Read More
3rd October 2017
By eNCA Corruption has a serious chance of ripping the ANC apart, but don’t think this will lead to party members abandoning the party. That’s the insight from research conducted among the ANC’s membership by Markdata and African Response in the run up to the governing party’s elective conference in… Read More
2nd October 2017
By Alex Mitchley, News24 The High Court in Pretoria has granted President Jacob Zuma a stay in immediately implementing a judicial commission of inquiry as recommended in the Public Protector’s State of Capture report. This is until his application for a review of that remedial action recommended by the… Read More