HALISTER1: South Africa’s DA Lays Criminal Charges Against Zwane, Guptas

South Africa’s DA Lays Criminal Charges Against Zwane, Guptas

(Bloomberg) -- Opposition party lays charges against Mineral Resources Minister Mosebenzi Zwane, Atul Gupta, Ajay Gupta, Rajesh Gupta and others with the South African Police Service, Democratic Alliance says in emailed statement.
  • Charges include racketeering, money laundering, assisting another to benefit from the proceeds of unlawful activities and submitting false tax returns
  • “This follows revelations that public funds, meant to assist the poor, were allegedly washed through a complex web of front companies, and used to pay for Vega Gupta and Aakash Jahajgarhia’s wedding at Sun City in 2013”
  • NOTE: Zwane at the time was Free State MEC for Agriculture; he and the Gupta family have denied wrongdoing
  • NOTE: June 30, KPMG Watched as Guptas Moved S. Africa Public Funds for Wedding Link

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Source: BFW (Bloomberg First Word)

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