Duduzane Zuma: Probe finds foreign accounts were irregularly opened

Duduzane Zuma: Probe finds foreign accounts were irregularly opened

- A report has named Duduzane Zuma in a probe into 'significant irregularities' at a popular Pakistan bank

- The report found that the bank had skirted ruled when opening an account for the former president's son

- These findings were contained in a report from the State Bank of Pakistan detailing the Habib Bank's operations in the United Arab Emirates

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Duduzane Zuma's name has cropped up in a report on 'significant irregularities' at the Habib Bank's United Arab Emirates operations.

BusinessLIVE noted that the report found the usual procedures were omitted when opening an account for the former president's son.

The probe had uncovered that Zuma hadn't been noted as a 'politically exposed persons', a category used by banks to highlight accounts with a high risk of accepting bribes or other corrupt funds.

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In a statement released on the findings, the state bank revealed that action had been taken:

“In 2017 a handful of transactions were identified at HBL UAE [Habib Bank Ltd] which contravened our processes and standards. This should never have happened. Following disciplinary proceedings, the staff members involved are no longer employed."

Meanwhile, a probe has been launched to establish why Parliament had confirmed Jacob Zuma's attendance at the State of the Nation Address.

Briefly.co.za reported that Mzansi had been unimpressed that the former president was able to attend, despite the controversy surrounding his health.

Parliament later retracted the confirmation, revealing the matter would be looked into to determine how the mistake came to pass.

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Source: Briefly.co.za

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