Investigative journo unit exposes Gupta money laundering claims

The amaBhungane Centre for Investigative Journalism published a statement on Thursday morning claiming that they have evidence that the Gupta family have been using a group of holding companies to launder money.

They say the Gupta family used a company called Homix to channel money from Transnet, the state-owed transport operator.

CapeTalk/702's Stephen Grootes spoke to Stefaans Brümmer of amaBhungane, who has been investigating the story for more than a year.

In 2014, R35 million and 41 million were paid by Neotel to Homix, a letter box company. It later emerged that Neotel was paying Homix to organise huge contracts for it at Transnet.

Stefaans Brümmerof amaBhungane

Through their investigations, Brümmer says they found other amounts of money flowing through Homix to additional unknown destinations.

He says some of it was tracked to Hong Kong to a company that shared an address with some of the Gupta associates.

The money couldn't keep flowing that way because the Reserve Bank caught on to it and then money started flowing in another route.

Stefaans Brümmer of amaBhungane

To hear more on this exclusive story, listen below:

Read More
Eskom parliamentary inquiry kicks off but witness list remains under wraps

Eskom parliamentary inquiry kicks off but witness list remains under wraps

Members of Parliament (MPs) are hearing from the State Capacity Research Project.

Mosego Home (where 7 Life Esidimeni patients died) remains fully operational

Mosego Home (where 7 Life Esidimeni patients died) remains fully operational

The department says the NGO was audited, found to be providing 'faithful patient care' and was fully licensed.

McKinsey wishes it had done things differently - Gia Nicolaides

McKinsey wishes it had done things differently - Gia Nicolaides

McKinsey & Company announced on Tuesday that it had suspended all work for state-owned companies until further notice.

'A perception that new SABC board head is very close to President Jacob Zuma'

'A perception that new SABC board head is very close to President Jacob Zuma'

Media activist Kate Skinner analyses the board, with Bongumusa Makhathini now as chair and Febe Potgieter-Gqubule as his deputy.

Suspended SARS No. 2  secured job for girlfriend - amaBhungane

Suspended SARS No. 2 secured job for girlfriend - amaBhungane

Investigative Journalist says Sars currently investigating allegations that Jonas Makwakwa gave girlfriend prestigious position.

SARS is suing the Mail & Guardian for defamation

SARS is suing the Mail & Guardian for defamation

M&G's Amabhungane investigative unit is being sued for R4 million by Sars for defamation relating to an article published.

Popular articles
It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.

14 job titles that callers can't take seriously

14 job titles that callers can't take seriously

People do some very interesting things for a living, but some job titles are given more credit than others.

Pamela Nomvete on her downfalls as actress, and 'climbing back'

Pamela Nomvete on her downfalls as actress, and 'climbing back'

This week Xolani Gwala's speaks to former Generations actor Pamela Nomvete for #WhatInTheWorldHappenedTo feature.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

[WATCH] New adapted national anthem by students

[WATCH] New adapted national anthem by students

Fees Must Fall activists singing the national anthem with a new melody and phrases calling it a 'decolonised national anthem'.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?

Jack Mabaso resurrected on 'Generations The Legacy'

Jack Mabaso resurrected on 'Generations The Legacy'

Will Jack Mabaso's return to the realm of Generations boost ratings? Well it seems not all viewers are impressed by the come-back.