Deal with institutionalised corruption, or ‘the Guptas and the Zumas, will have the last laugh’
Politician and anti-apartheid activist calls for UK's law enforcement and financial regulatory authorities to investigate banks allegedly involved in the numerous suspicious transactions
UK politician and anti-apartheid activist Peter Hain has demanded that global British head-quartered banks be criminally investigated for facilitating the Guptas in the alleged laundering of billions of rands. Speaking in the UK’s House of Lords on Wednesday, Hain called for his country’s law enforcement and financial regulatory authorities to investigate banks allegedly involved in the numerous suspicious transactions. His calls follow him announcing that he had asked the UK government to press financial authorities in Hong Kong and Dubai to cut all links with the Guptas and Zumas. He said the alleged money-laundering by the Guptas would be raised in the European parliament, with an investigation to be conducted into European banks allegedly involved with the family. Hain said the money-laundering transactions he wanted UK authorities to investigate related to the transfer for funds from several South African bank accounts to accounts in Hong Kong and Dubai. The funds, which were t...
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