Offshore payments by state companies under scrutiny, Treasury says
Such payments by SOEs during the years of state capture resulted in funds being channelled into Gupta-linked companies
30 August 2022 - 15:57
The Treasury is looking at mechanisms to prevent state-owned entities (SOEs) from making offshore payments such as those made to overseas Gupta companies during the years of state capture, acting Treasury director-general Ismail Momoniat said on Tuesday.
These offshore payments saw a lot of illegal financial flows from Eskom, Denel and Transnet disguised as legitimate payments...
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