FBI probe into Guptas to look into Transnet contracts
According to the 'Financial Times', the FBI is looking into funds being moved between South Africa, Dubai and the United States.
JOHANNESBURG - It’s understood that the cash flows being investigated by the Federal Bureau of Investigation (FBI) relate to multi-million-rand contracts the Guptas allegedly secured for Transnet suppliers.
According to the Financial Times, the FBI is looking into funds being moved between South Africa, Dubai and the United States.
Amabhungane revealed in July how the Gupta leaks exposed the controversial family as acting as brokers to facilitate contracts for key state-owned entities.
It’s being reported that the FBI will focus on Ashish and Amol Gupta, who are US citizens and nephews of Atul and Ajay Gupta.
Records show that the pair are directors of a Texas-based company called Brookfield Consultants.
The Gupta leaks revealed how in 2014, a Transnet crane supplier paid nearly R30 million into a Gupta front company based in Dubai called Accurate Investments to secure a contract.
The records show that Accurate then transferred funds to Brookfield’s JP Morgan Chase bank account in New York.
It’s believed the FBI will investigate this cash flow.