AFRICAN MIRROR REPORTER
SEVERAL departments and enterprises owned by the South African government paid over R49-billion to 200 companies linked to the Gupta family, accused of being at the centre of state capture.
This was contained in the evidence presented to the judicial commission into state capture, corruption and theft by Paul Holden, a director at Shadow World Investigations.
Holden’s probe revealed that billions flowed from government departments and state-owned enterprises to companies linked to the Gupta family, who fled SA and are now based in Dubai. The companies that received the money include McKinsey, KPMG, PwC, Estina, Sunbay Trading and Regiments Capital.
He said the billions, acquired illegally, were used by the Gupta family or related companies to purchase significant assets which include a coal mine
According to Holden’s investigations, seven departments from the Free State provincial government spent millions on the following companies linked to the Gupta family:
- The Free State Deparment of Agriculture and Rural Development paid R24-million to Nulane, R280-million to Estina and R12-million to Tsebo Business Intelligence.
- The Free State Department of Education paid R28-million to Sunbay Ltd.
- The Office of the Premier paid R4.5-million to Sunbay Ltd.
- The Free State Department of Health paid R28-million to Mediosa.
Holden’s investigation has also revealed that the Regiments Group earned over R1.2-billion from contracts with state-owned enterprises. These included:
- Transnet: R1.8-billion.
- Transnet defined Benefit Pension Fund – R248-million.
- South African Airways – R6.2-million.
- SA Express – R8.2-million.
- Free State Provident Fund – R2.3-million.
- SAFCOL – R5.7-million.
- Denel – R7.9-million
He also revealed that Eskom had paid over R1.1-billion to McKinsney. Some of the payment was for the “Master Plan” and a “Corporate Plan”.
The hearing continues.
