The figure was an R8bn jump from Holden’s previous calculations when he testified at the same forum last month.
He said the figure had changed because transactions that had been left out of his previous report were now included. These included:Eskom payments to Gupta entities;small payments Holden had missed in his initial reportOf the R57bn, said Holden, R16.2bn was paid “directly or indirectly” to the Gupta enterprise, “all of which was drawn from SA state funds or kickbacks relating to state capture”.
“One of the most disturbing features of following the Gupta enterprise has been discovering these incredibly elaborate onshore and offshore bridges. In total, looking at these bridges, we have identified 3,659 separate transactions moving from these onshore and offshore bridges into the Hong Kong/China laundering network.”
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