South Africa: International Banks Enabled Gupta Corruption and Looting, Peter Hain Tells Zondo Commission

18 November 2019

Despite the warning signs in the public domain, international banks continued to turn a blind eye by doing business with the Gupta family, enabling them to conduct their affairs and "launder money around the world", the state capture inquiry heard on Monday.

Testifying before inquiry chairperson Deputy Chief Justice Raymond Zondo, British MP Lord Peter Hain said the banks had been "complicit" in assisting the Guptas with corruption and looting.

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