Birsaa Projects News Today

MONEYWEB LIVESTREAM 00:01  The Zondo Commission heard that the Guptas made use of criminal enterprises to move funds abroad. Image: Shutterstock Paul Holden of Shadow World Investigations appeared before the Zondo Commission of Inquiry into allegations of state capture on Tuesday to continue with his testimony. His previous testimonies resulted in a flurry of submissions in response to the Rule 3.3 notices that had been sent to persons implicated by him. INSIDERGOLD Subscribe for full acc...

The amounts are, to quote commission evidence leader Matthew Chaskalson, “extraordinary”. At points Judge Raymond Zondo appeared defeated by the sheer volume of numbers, murmuring: “I’m just digesting”. What was on display was not just the quantum of plunder, but also the efficiency of the Guptas’ vast and sophisticated money laundering machinery. To give one example: on 29 April 2016, a Gupta-linked company called Cutting Edge Commerce submitted an unsolicited proposal to Eskom to ...