Eric Wood, one of the key figures in the flow of money to the Gupta family, named in court papers diverting millions to buy Optimum and fund Sahara
As the National Prosecuting Authority prepares to charge key Gupta family ally Eric Wood and others over the R1.6bn Transnet looting, a Transnet pension fund lawsuit has exposed how hundreds of millions of rand in pensioners’ money allegedly ended up in the accounts of Gupta companies.
Both these criminal and civil cases have provided powerful evidence and insights into the anatomy of parastatal looting in the era of state capture during the presidency of Jacob Zuma.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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