The persistent lack of action by the investigating and prosecuting authorities against those illegally taking money abroad has prompted a call for the formation of an interministerial committee under the leadership of Finance Minister Malusi Gigaba to tackle the issue. There have been reports of billions of rand being taken out of the country by the Guptas and while charges have been laid with the police nothing seems to have materialised out of these cases. Business Day reported on Monday that the National Prosecuting Authority (NPA) had failed to prosecute a R120m tax and customs fraud case linked to the Guptas 12 years ago. South African Reserve Bank deputy governor Kuben Naidoo expressed his frustration about the lack of progress with exchange-control contravention cases referred by the Bank to the police. He was speaking at a meeting of Parliament’s finance committee on Tuesday. He said the Bank had handed over 41 cases of exchange control contraventions to the police for furth...
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