#GuptaLeaks: KPMG audited Gupta company that laundered money for big wedding

In the latest #GuptaLeaks reports, email correspondence shows that KPMG, Gupta-owned Linkway’s auditors, were well aware of many of the key details surrounding the Guptas’ Sun City wedding.

The leaked emails reveal that the Free State provincial government largely picked up the tab for what was described at the “event of the millennium” by KPMG Africa then-chief executive Moses Kgosana.

KPMG were the auditors of the Guptas’ Linkway Trading (Pty) Ltd.

According to AmaBhungane and Scorpio, Linkway played a crucial role in allowing the diversion of cash earmarked for the Free State’s Vrede dairy project to reimburse most of the wedding expenses – R30-million to be exact.

The trail apparently shows that the money went from the Free State Provincial government to Dubai and then came back to South Africa to pay for the wedding at Sun City, and also saw guests landing at the Waterkloof air-force base.

Allowing Linkway to account for the wedding as a “business expense”, KPMG ensured that the Guptas paid zero taxes on their Free State government windfall, according to amaBungane.

Stephen Grootes spoke to amaBhungane investigative journalist Sam Sole.

Sole explains.

Essentially the Free State government set up a programme to create dairy farm in Vrede in the Free State, a company called Estina was brought in. We thought Etsina was a front for the Gupta's, they denied it but now the leaks show they were deeply involved and that a large chunk f the money that was paid by the Free State government that money was was immediately siphoned off to Dubai to a company controlled by the Gupta's called Linkway.

Sam Sole, amaBhungane investigative journalist

...and through various other companies they laundered much of it back to South Africa including R30 million to pay for the wedding expenses at Sun City.

Sam Sole, amaBhungane investigative journalist

We can see now this is the Gupta's big shop window for their power and influence in South Africa, where they brag to the rest of the world about who they could get to come to this really opulent and extravagant event and then they cashed in after that.

Sam Sole, amaBhungane investigative journalist

He explains Mineral Resource Minister Msobenzi Zwane's role in this.

He was minister of agriculture, the person who pushed through this project. He went on a jaunt to India at that time at the cost of the Gupta's. His office was the one that paved the way for the Gupta landing at Waterkloof, saying some of the people on that plane were part of an official delegation to the Free State.

Sam Sole, amaBhungane investigative journalist

Click on the link below to listen to the full audio...


Recommended

by NEWSROOM AI
Read More
How the Guptas spied on and tormented Peter Bruce for exposing their crimes

How the Guptas spied on and tormented Peter Bruce for exposing their crimes

The Money Show’s Bruce Whitfield interviews Business Day Editor-in-Chief Peter Bruce.

"After Glencore sold Optimum to the Guptas, Eskom reduced the R2.1 billion fine"

"After Glencore sold Optimum to the Guptas, Eskom reduced the R2.1 billion fine"

Deputy Editor of the Financial Mail, Sikonathi Mantshantsha says the Gupta-owned mine only had to pay 10% of the initial fine.

Outa says it has enough evidence to unseat President Jacob Zuma

Outa says it has enough evidence to unseat President Jacob Zuma

Karima Brown gives details on this and other political headlines.

PP's motive is to take the heat off JZ and the Gupta's - Eusebius

PP's motive is to take the heat off JZ and the Gupta's - Eusebius

Eusebius McKaiser speculates on what he believes the Public Protector's motives are with her call for Constitutional changes.

Former finance minister Nene says he is 'disturbed' by fake China letter

Former finance minister Nene says he is 'disturbed' by fake China letter

Reports citing Gupta leaks claims a letter was written in Nhlanhla Nene’s name and addressed to the China Development Bank board.

Opposition MPs pushing for Parly to summon Hlengiwe Mkhize and Malusi Gigaba

Opposition MPs pushing for Parly to summon Hlengiwe Mkhize and Malusi Gigaba

Both ministers have failed to arrive for a meeting to discuss the decision to grant the Gupta family citizenship.

The spies at Saxonwold

The spies at Saxonwold

Associates of the Gupta family spied on Julius Malema, Trevor Manuel and his wife, Maria Ramos.

Bell Pottinger and employees resort to protecting their twitter accounts

Bell Pottinger and employees resort to protecting their twitter accounts

Stephen Grootes spoke to media specialist Tebogo Ditshego about how this PR disaster has impacted the company.

EFF says Malusi Gigaba and DHA helped the Guptas spy on Julius Malema

EFF says Malusi Gigaba and DHA helped the Guptas spy on Julius Malema

The Economic Freedom Fighters intends laying criminal charges against the Gupta Family for spying on Malema.

Popular articles
Who influenced the colours of Bo-Kaap? New podcast investigates

Who influenced the colours of Bo-Kaap? New podcast investigates

In a new series, Haji Mohamed Dawjee and Rebecca Davis unravel a number of myths and uncovers why the houses are colourful.

Your financial advisor probably earns a commission. That’s a huge problem

Your financial advisor probably earns a commission. That’s a huge problem

Your advisor’s "free" advice may cost you dearly. Pay by the hour, warns personal finance expert Warren Ingram.

Springboks' loss: 'We were outplayed in every facet of game,' says Eusebius

Springboks' loss: 'We were outplayed in every facet of game,' says Eusebius

McKaiser and callers weigh in on South Africa's 23-13 defeat by the All Blacks on Saturday.

Gautrain Sandton water cut until Gupta-linked company pays City R8m - Mashaba

Gautrain Sandton water cut until Gupta-linked company pays City R8m - Mashaba

Joburg City mayor explains the irregularities around ownership of the Gautrain Sandton Station land by Cedar Park Properties.

'Duke and Duchess of Sussex visit highlights goodness of South Africa'

'Duke and Duchess of Sussex visit highlights goodness of South Africa'

Professor Pitika Ntuli weighs in on Prince Harry and Meghan Markle's tour of the country.

'We have evidence that the EFF and Julius Malema took bribes for tenders'

'We have evidence that the EFF and Julius Malema took bribes for tenders'

Arabile Gumede interviews Stefaans Brummer, a journalist at the amaBhungane Centre for Investigative Journalism.