STATE CAPTURE
Nedbank CEO says no corruption in bank’s dealings with Gupta-linked Regiments
Report alleges cosy and lucrative arrangement the bank
18 March 2021 - 05:10
In his first public comments since Nedbank was ensnared in the state-capture narrative, CEO Mike Brown says that there was absolutely nothing untoward regarding the lender’s dealings with a Gupta-linked consultancy house in the first half of the past decade.
Nedbank has become the latest high-profile company to fend off accusations of playing a role in postapartheid SA’s biggest corruption scandal in which the Gupta family allegedly used its ties to former president Jacob Zuma to amass wealth...
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