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How Guptas got billions in income and kickbacks

How Guptas got billions in income and kickbacks

AFRICAN MIRROR REPORTER WHILE companies linked to them earned more than R49-billion, the Gupta family received a further R15.9-billion in kickbacks from third parties who got contracts from the South African government and state-owned companies as a result of the family’s political influence. These revelations were made at the judicial commission into state capture, corruption and theft by Paul Holden, a director at Shadow World Investigations.  Holden outlined to the commission, chaired by Deputy Chief Justice Raymond Zondo, the flow of money from government department, state-owned enterprises to over 200 companies. He has analysed thousands of banking transactions, accounts that…
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Over R49-billion paid to Gupta-linked companies

Over R49-billion paid to Gupta-linked companies

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…
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