Banks and regulators respond to explosive ‘gold mafia’ claims
Doha-based Al Jazeera claims staff at Standard Bank, Absa and Sasfin were paid bribes to launder money for Zimbabwean gold smugglers
An explosive Al Jazeera investigation has alleged that staff at three SA banks have been aiding and abetting a global gold smuggling ring by laundering money in exchange for bribes.
The Doha-headquartered news organisation reported on Thursday that staff at Standard Bank, Absa and Sasfin had been on the payroll of Mohamed Khan, a reported accomplice of cigarette magnate Simon Rudland, who is alleged to be the kingpin behind multiple Zimbabwean gold smuggling gangs. These are said to smuggle gold into SA, the proceeds of which are allegedly laundered through Khan’s companies Salt Asset Management and PKSA before being transferred to offshore bank accounts...
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