Johannesburg – The state capture inquiry heard on Tuesday that the Gupta enterprise employed people believed to be involved in gang activity and was making use of criminal networks.
Paul Holden of London-based Shadow World Investigations was giving evidence at the inquiry.
“It is disturbing that the funds ultimately emanate from taxpayers were transitted out of South Africa via the hands of this organised crime network,” Holden said.
Holden was speaking on how four money laundering companies operated at a high level in the country, which he said was highly complicated.
“In most instances where we have been able to trace the funds flowing on to some sort of endpoint, the funds generally end up offshore,” he said.
Holden further said that said hundreds of companies registered in a Hong Kong/China laundry network received money from state capture and then presumably kicked those funds out to an eventual intended recipient.
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