Gupta investigation red-flags R70 000 payment to Busisiwe Mkhwebane

Gupta investigation red-flags R70 000 payment to Busisiwe Mkhwebane

- A report has revealed that Busisiwe Mkhwebane has been flagged by HSCB international bank for having financial ties to the Gupta family

- While the report indicated that there was no evidence of wrongdoing on the Public Protector's part, a R70 000 payment was red-flagged during an investigation into Gupta-linked accounts

- This 'highly-restricted' investigation carried out by the bank hoped to uncover the network the infamous family used to send and receive payments

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Public Protector Busisiwe Mkhwebane has been flagged in an investigation into Gupta-linked accounts for having financial ties to the family.

The Organised Crime and Corruption Reporting Project found that Mkhwebane had received a R70 000 payment in June 2014, the height of the Guptas' influence in South Africa, reports The Sowetan.

The report noted that there was 'no indication of wrongdoing' on the Public Protector's part, commenting:

"The flag on Mkhwebane’s transaction was part of a highly-restricted internal HSBC investigation that sought to identify a network of Gupta-linked accounts and companies around the world. The network’s key accounts and companies were located in Hong Kong, a tax haven that has been known for providing financial secrecy for foreign clients."

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The payment was among thousands of flagged transactions involving 'dozens' of offshore entities that laundered payments disguised as kickbacks from a Chinese rail company that had involved 'Gupta associates'.

The Office of the Public Protector has denied Mkhwebane's involvement with the family, claiming that it was all part of a plot to discredit her.

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Source: Briefly.co.za

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