Competition Commission investigating 28 banks for alleged price fixing

SABC Morning LIve

The Competition Commission’s investigation into 28 banks for alleged price fixing involving the rand has again shone the spotlight on the conduct of banks and financial crimes. While the Standard Chartered Bank is one of the few banks to admit wrongdoing and agreed to settle with the Commission after the scandal was exposed, Open Secrets has always held the view that banks have continued to act with impunity despite evidence of economic crimes. Open Secrets laments the private sector’s deep-seated role in global financial crimes, even in this present day. Open Secrets founding Director Hennie van Vuuren joins us virtually.