Unaccountable 00010: Jacob Zuma – Comrade in Arms By Meghan Samaai and Hennie van Vuuren 6 May 2020 This week Open Secrets publishes the first of a number of profiles on the corporations and middlemen implicated in the multibillion-dollar Arms Deal of the late 1990s. None of these companies has been held to account. The…
Below are the documents cited in Unaccountable 00009: McKinsey- Profit over Principle. This instalment of the Unaccountable series is the fourth based on Open Secrets and Shadow World Investigations’ investigative report, The Enablers: The bankers, accountants and lawyers that cashed in on state capture. In profile 00009 – Profit over Principle – Open Secrets examines the…
Unaccountable 00009: McKinsey – Profit over Principle By Mamello Mosiana Big consulting firms take no credit and they accept no blame. This philosophy has enabled McKinsey & Company to profit with ease from work with authoritarian regimes, troubled businesses and corrupt state-owned enterprises. In South Africa, their work at Eskom and Transnet on some of…
These are the files for Unaccountable 00008: FNB and Standard Bank- Estina’s Banks. This instalment of the Unaccountable series is the third of five profiles that are based on the Open Secrets and Shadow World Investigations’ investigative report, The Enablers: The bankers, accountants and lawyers that cashed in on state capture. Profile 00008- Estina’s Banks, Open…
Unaccountable 00008: FNB & Standard Bank – Estina’s Banks By Michael Marchant 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…
These are the documents cited in Unaccountable 00007: HSBC- The World’s Oldest Cartel. This instalment of the Unaccountable series is the second of five profiles that are based on the Open Secrets and Shadow World Investigations’ investigative report, The Enablers: The bankers, accountants and lawyers that cashed in on state capture. In Profile 00007- The…
Unaccountable 00007: HSBC – The World’s Oldest Cartel By Mamello Mosiana 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.…
These are the documents cited in Unaccountable 00006: Nedbank and the Bank of Baroda- Banking on State Capture. This instalment of the Unaccountable series is the first of five profiles that are based on the Open Secrets and Shadow World Investigations’ investigative report, The Enablers: The bankers, accountants and lawyers that cashed in on…
Unaccountable 00006: Nedbank and the Bank of Baroda — Banking on State Capture By Michael Marchant 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…
This instalment of the unaccountable series focusses on the NCACC’s failure to make the arms industry more transparent and reflective of South Africa’s stated commitment to human rights. Below are the documents cited in this Unaccountable Profile. South Africa’s arms trade regulator has failed in its mandate to monitor the export of weapons to…