StateCaptureInquiry: Lord Peter Hain highlighted British banks such as HSBC and Standard Chartered which the Guptas used to channel money.
Johannesburg - Former British MP Lord Peter Hain has blamed the lack of transparency by professional institutions which aided the Guptas by transferring illegally obtained money through countries for making state capture possible.
Hain took the stand on Monday and told the commission that it “takes two to tango” and that private institutions such as banks, public relations firms and consultancy firms played a key role in aiding the Gupta family to transfer their funds around the world. "It was facilitated by the massive complicity of international financial institutions and other institutions, as well as other foreign governments,” he said.
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