Corruption watchdog finds more than 20 banks handled Gupta money in Transnet deal
More than 20 banks sent or received money to Gupta-linked companies, an investigation by the Organised Crime and Corruption Reporting Project (OCCRP) found. Read the original article here: Guptas, Big Banks Linked to South African-Chinese Locomotive Deal "Led by HSBC, these banks also included National Westminster in the UK, Wells Fargo in the US, India’s state-owned Bank of Baroda, Habib Bank, Standard Chartered Bank, and a dozen Chinese banks like Bank of China and China Citibank," the report said. The OCCRP investigated the flow of $321m in "commissions" promised to Salim Essa by China South Rail after it was awarded a $1.5bn contract by Transnet. Much of this money was paid to Regiments Asia and Tequesta, two firms established on the same day, June 20 2014, which shared the same Hong Kong address. OCCRP said it had information that Regiments Asia was founded by Trillian’s former owner, Essa, and its current owner, Eric Wood — though Wood responded by saying he "unequivocally and...
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