EDITORIAL: Now the world hunts Guptas
Foreign investigations may step in where South Africans are too cowardly
The skeletons are falling out of the cupboard at a furious rate. In the space of two days, new allegations have arisen about the Guptas’ money laundering. So bewildering, so frequent and so varied are these allegations it is hard to know whether these are more grist to the mill, or whether they signify an important change in the overall narrative. The simple answer is that they constitute both. In London, British peer Peter Hain has published a letter in which he accuses HSBC of being possibly complicit in moving illicit funds between the United Arab Emirates and Hong Kong. By itself, this is nothing new. For at least a year, it has been obvious that companies associated with the Gupta family have been moving money in and out of the country with gay abandon. The banks have dutifully registered these transactions. But SA’s frozen investigating unit has forsaken its responsibilities and in perhaps the most cowardly example of state capture, has declined to even investigate, never mind...
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