Several key officials at three major South African banks are helping a gold smuggling gang launder millions of dollars of dirty cash in exchange for regular bribes, an Al Jazeera investigation has found.
), which shows how multiple gangs smuggle gold from Zimbabwe and use it to launder vast amounts of money.
Using fake invoices and identities, Mo Dollars transfer millions of unaccounted dollars in each transaction to these companies, which are run by Rudland’s partners, the investigation shows. The bribes range from monthly payments to paid holidays and house renovations, according to Latief, Mo Dollars’s ex-wife, and documents accessed by Al Jazeera.'The most valuable jewel'
Choonara would also tell Mo Dollars who else he needed to bribe at Sasfin, Dawood Khan claimed. Among them was Lulama Kene, an IT technician who ensured fraudulent transactions were wiped from the bank’s digital system. Choonara left Sasfin in 2019. Videsh Seeripat, a relationship manager at ABSA, is listed in the ledgers as receiving $800 a month. His job was to open bank accounts in the name of people who were not present to apply themselves, a mechanism that allowed Mo Dollars to start accounts using fake identities.
Asked for a response to Al Jazeera’s investigation, Simon Rudland told Al Jazeera that the allegations against him formed part of a smear campaign by an unidentified third party.He denied any involvement in the sale of illicit cigarettes, in gold or other smuggling and in sanctions busting.
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