unaccountable

an open secrets series profile series published on the daily maverick.

Unaccountable is an Open Secrets series published on the Daily Maverick. The series consists of profiles of large corporations and private individuals who are all implicated in economic crime but have never been held to account for these – or at best escaped substantive justice. The decision to focus on powerful private actors, implicated in large scale political corruption is a conscious one and mirrors the approach of Open Secrets.  Many of the profiles are based on Open Secrets’ existing and ongoing research.

00001: A very British apartheid profiteer

In the first article of the series, we look at British Labour MP, Margaret Hodge, whose family businesses profited from apartheid.

This profile chronicles, insurance giant, Liberty Group’s role in the callous cancellation of over 6000 pension funds.

 This profile looks at the role of Adv. Dube Tshidi and the FSCA in the erroneous cancellation of over 6000 pension funds. 

This profile looks at how South African company (RDM) has been allowed to supply Saudi Arabia and its allies with weapons — despite the humanitarian destruction the war in Yemen has wrought.

 Who will guard the guards themselves?

Who laundered money for the Gupta acolytes and used the opportunity to cash in on State Capture?

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.

In the case of Estina, Standard Bank and FNB have questions to answer.

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.

the first of a number of profiles on the corporations and middlemen implicated in the multibillion-dollar Arms Deal of the late 1990s.

This week we focus on the company at the heart of Zuma’s Arms Deal corruption scandal and the co-accused in their corruption trial, the South African subsidiary of French arms company Thales.

This week we turn the spotlight onto John Bredenkamp, who was contracted by British arms giant BAE Systems in relation to the Arms Deal. This is the first in a three-part series detailing the lucrative relationship between BAE Systems and its covert international network of middlemen.

As we saw in Unaccountable 00012, BAE, like many European arms corporations looking to profit from South Africa’s 1999 Arms Deal, paid well-connected middlemen and agents vast sums of money to guarantee access to politicians and key decision-makers. This focuses on another of these middlemen – Fana Hlongwane.

This week, we turn our focus from the individual middlemen who profited, to the UK mega arms corporation pulling the strings. BAE used its network first, to ensure it won the most lucrative part of the Arms Deal, and then later to avoid accountability for the alleged bribe payments upon which its selection relied.

The Arms Deal was never only about Jacob Zuma and his sweetheart relationship with French arms company Thales. We now have even more proof that it was rotten to the core and demands accountability.

The ‘Big Four’ audit firms – Deloitte, EY, KPMG and PwC – all play a systemic role in economic crimes and State Capture. The evidence suggests that these firms have prioritised profit over professional duties and the law. Accountability and reform of the industry are thus essential.

The ‘Big Four’ audit firms – Deloitte, EY, KPMG and PwC – all play a systemic role in economic crimes and State Capture. The evidence suggests that these firms have prioritised profit over professional duties and the law. Accountability and reform of the industry are thus essential.

The Big Four auditing firms – Deloitte, EY, KPMG and PwC – played a systemic role in economic crimes and State Capture. The evidence suggests that these firms have prioritised profit over professional duties and the law. Accountability and reform of the industry is thus essential.