UK lawmaker to cast blame on global banks in South Africa Zuma corruption
18 Nov 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 Capture, part of which he shared with Reuters in advance, will be “very critical of global corporates, especially banks, and states including the UK, Dubai, Hong Kong and India,” he wrote in an email.

Zuma, who was removed as president last year over corruption allegations, is facing a judicial inquiry. He has agreed to cooperate even while dismissing the probe as prejudiced.

Part of its brief is to investigate accusations that three prominent businessmen – brothers Atul, Ajay and Rajesh Gupta — influenced Zuma over political appointments and state contracts.

Hain, a labour member of parliament and former anti-Apartheid activist, will call on the banks, global corporates and foreign governments to cooperate better so all those involved in the pillaging of South Africa are brought to justice.

His submission will say that a number of international banks helped the Guptas cloak the source of their funds – by allowing them to open and maintain bank accounts, even after allegations of their involvement in corruption became public, and also by allowing them to transfer illicit funds into these accounts.

By Tim Cocks and Ed Cropley, Reuters, 17 November 2019

Read more at Reuters

Photo: Foreign and Commonwealth Office [OGL v1.0], via Wikimedia Commons

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