31st August 2017
South Africa’s investigation unit, the Hawks, have confirmed that they are investigating certain aspects of the Gupta emails. Yolisa Makata, head of the Hawks, told MPs in Parliament on Wednesday: “We have a lot of them that we are investigating .We have teams and a team from the NPA [National… Read More
29th August 2017
Duduzane Zuma, a son of South African President Jacob Zuma, said all of his bank accounts have been closed because of pressure on financial institutions from former Finance Minister Pravin Gordhan. Duduzane Zuma’s business relationship with the Gupta family, who have been accused of wielding influence over Zuma and some… Read More
22nd August 2017
President Jacob Zuma signed the Financial Sector Regulation Act, 2017 into law, the Presidency said on Monday. “The Act establishes two new financial sector regulators, the Financial Sector Conduct Authority and the Prudential Authority with jurisdiction over all financial institutions, and to provide them with a range of supervisory… Read More
18th August 2017
South Africa’s High Court said the government can’t intervene in the relationships between banks and their clients and dismissed an application from former Finance Minister Pravin Gordhan for a declaratory order on the matter. “We hold the strong view that this application was clearly unnecessary,” Deputy Judge President Aubrey Ledwaba… Read More
17th August 2017
Companies controlled by the Gupta family, whose accounts are being closed down by Bank of Baroda, said they’re taking legal action against the lender to try and stop the termination, which comes after South Africa’s four biggest lenders cut banking services for the family that’s in business with a son… Read More
15th August 2017
Charges of corruption and abuse of position at Eskom have been laid against Mark Pamensky‚ a former board member of the electricity utility‚ after leaked Gupta emails over his alleged role in state capture. Pamensky was a director at the Gupta owned Oakbay Resources and Energy at the same time. Read More
15th August 2017
South Africa’s public prosecution service, which is investigating alleged corruption in the awarding of government contracts, has denied reports that it will not accept leaked emails as evidence against President Jacob Zuma’s allies. The allegations of influence-peddling in the so-called “State Capture” affair are deepening a divide in the ruling… Read More
11th August 2017
Global auditing firm, KPMG says that in light of all the publicly available information around the Gupta family and its many questionable dealings, it should have dropped the family’s businesses as a client long before it did so in 2016. In a statement put out on Friday (11 August), Trevor Hoole,… Read More
3rd July 2017
KPMG South Africa allegedly failed to raise alarms when businesses controlled by the Gupta family diverted the equivalent of US $3.3 million of public money. Read More
20th June 2017
India and other members of the BRICS grouping on Monday agreed to step up collaboration to combat terror funding and money laundering. Read More