Unaccountable 00008: Estina’s Banks

The infamous Estina Vrede Dairy Project was supposed to direct public funds to ‘empower’ indigent Free State farmers and develop local agriculture. Instead, almost all of the money was looted to benefit the Gupta enterprise. This week Open Secrets focuses on two of the banks that facilitated this injustice. As shown in The Enablers Investigative…

Six critical areas civil society are pushing the Zondo commission to crack down on

Naushina Rahim | News24 | 18 March 2020 The reality of the modern globalised and financialised world is that corruption on a grand scale, along with organised crime and state capture, is enabled by skilled professionals, including bankers, lawyers, accountants and consultants writes Naushina Rahim ‘An Agenda for Action’ was submitted almost a month ago…

Unaccountable 00007: HSBC – The World’s Oldest Cartel

If Transnet was a golden goose for the Gupta family and their associates, then global banking giant HSBC played the role of tending their illicit nest eggs. This week Open Secrets examines the role of a key global enabler in the State Capture network. As shown in The Enablers investigative report, it takes more than…

Explainer: The Enablers of State Capture in the cases of Transnet, Eskom and Estina

‘The Enablers: The Bankers, Accountants and Lawyers who Facilitated State Capture’ is an investigative report published by Open Secrets and Shadow World Investigations in February 2020. The report focuses on the role of banks, accounting firms, consultants and lawyers in facilitating criminal conduct that formed part of the state capture enterprise. This investigative report shows…

Tonight with Lester Podcast: Report The Enablers of State Capture

Cape Talk | 20 February 2020 | Listening to the testimony of bankers before the Zondo Commission of Inquiry into allegations of state capture, you might believe they were unwitting victims of the Guptas and acted quickly and virtuously to throttle their corrupt ways by closing their bank accounts in 2016. It turns out they…

“The struggle against corruption is a struggle for human rights”

Liezl Human | GroundUp | 19 February 2020 | Civil society working group submits recommendations to Zondo Commission “The crimes committed by corrupt individuals and networks have had a devastating impact on South Africans. They have eroded human dignity, access to basic rights contained in the Bill of Rights, and in some cases, they have…

Nedbank and the Bank of Baroda — Banking on State Capture

Who laundered money for the Gupta acolytes and used the opportunity to cash in on State Capture? A new investigative report, ‘The Enablers’, co-authored by Open Secrets and Shadow World Investigations, details the role of bankers, accountants, consultants and lawyers in State Capture. Submitted to the Zondo commission, the report details case studies which are…

Civil society describes to Judge Zondo the dire impact of graft on ordinary lives

Shani Reddy | Daily Maverick | 19 February 2020 The consequences of State Capture extend beyond financial loss. Corruption has undoubtedly contributed to poverty and unemployment and these consequences should not be ignored by the Zondo Commission. Corruption is not a victimless crime. State Capture and corruption infringe upon the human rights of the South…