Hain: There are clear cases of money laundering by agents of SA state
Former anti-apartheid campaigner-turned British politician Peter Hain has been leading a campaign in the British Parliament to lobby for action against those responsible for state capture in South Africa.
CAPE TOWN - Former anti-apartheid campaigner-turned British politician Peter Hain says that there are clear cases of money laundering by agents of the South African state.
Hain has been leading a campaign in the British Parliament and the House of Lords to lobby for action against those responsible for state capture in South Africa.
“Money laundering is taking place. Billions of rand is being stolen out of the country and often recycled back.”
He's cited the scandal that came to light in the Free State that saw money meant for an empowerment farming project diverted to pay for a lavish Gupta wedding.
“The Vrede dairy farm corruption scandal was a classic case of the laundering, and poor black farmers were robbed of grants from government.”
Hain previously accused a UK-based bank of being instrumental in helping the Gupta family’s money laundering project in the country.
He told the House of Lords he had evidence of illegal transactions between the Gupta family’s South African bank accounts to a British bank conducted in Dubai and Hong Kong.
Hain says that the illegal transactions between the Gupta family's South African bank accounts and the British based bank were at some point flagged as suspicious.
But he says the bank’s headquarters ordered that this be ignored.
(Edited by Shimoney Regter)