The Reserve Bank's Elijah Mazibuko has told the StateCaptureInquiry how the Guptas stole millions.
Mazibuko said Homix's Standard Bank account remained largely inactive until March 2014, when there was a dramatic increase in activity and it received several large deposits totalling about R660m - without any real evidence of work being done.For example, in April 2014, Homix received about R34m from Neotel. This money was transferred in its entirety to known Gupta-linked entities Ballatore Brands and Bapu Trading.
The Guptas successfully completed about 13 transactions to YKA International Trading Company and Morningstar International Trade in May 2015, totalling about R47m.
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