Witness tells probe panel that hundreds of financial transactions were studied to ascertain the sources of funds and the money laundering
Cops at the Johannesburg home of the Guptas. File/AFP
A host of companies linked to the influential Indian-origin Gupta brothers received a total of over 49 billion rands in irregular payments from a number of parastatal corporations in South Africa, a witness has claimed at the Commission of Inquiry into State Capture.
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Ajay, Atul and Rajesh Gupta have been accused of siphoning billions of rands from the state-owned corporations through their alleged closeness to former South African president Jacob Zuma.
The family, which is from Saharanpur in Uttar Pradesh and controls a slew of South African companies, is currently in self-exile in Dubai. The South African government continuing attempts to extradite them through the UN.
Paul Edward Holden, a researcher with the UK-based Shadow World Investigations, explained that hundreds of financial transactions and bank statements were studied to arrive at detailed conclusions about the sources of funds and the companies used in the money laundering that are listed in the report.
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