Former mineral resources minister Mosebenzi Zwane played an active role in attempting to force banks to reopen accounts for the Gupta family, according to the latest instalment of the state capture report.
The report statesof Standard Bank explained the context of engagements regarding the closure of the Guptas’ bank accounts in 2016.
Sinton testified about aspects concerning money laundering, which he described in simple terms as being efforts to disguise the origins of the proceeds of crime. “It was reported Absa bank had elected to terminate all banking relations with the Gupta group. We would accept Absa Bank is bound by the same laws as we are,” he said.“We were at risk if we had continued to deal with those entities by facilitating money laundering or being involved in possible acts of corruption.”
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