Sophisticated money laundering networks existed in SouthAfrica before the Guptas, the ZondoCommission has revealed in Part VI Vol III of the Zondo Report. Moneyweb StateCaptureReport
Sophisticated money laundering networks existed in South Africa before the Guptas, the Zondo Commission has revealed in Part VI Vol III of the Zondo Report. These networks were already plugged into international money laundering networks including in Hong Kong and China, “and they served a wide range of clients other than the Gupta Enterprise”. The money laundering networks used by the Guptas and other criminal enterprises were “embedded in a pre-existing milieu of criminality and wrongdoing”.
bank accounts held by Gupta enterprises in Hong Kong. Between December 2014 and September 2016 some $145.2 million of kickbacks from the Transnet/CRRC contract was paid into the Hong Kong indicated that Regiments Asia, Tequesta and Morningstar, which received kickbacks for the Gupta Enterprise, “showed that 92 of the companies receiving payments from these three entities held accounts at
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