It has been reported that the Federal Bureau of Investigation (FBI) is investigating the Gupta family for the flow of money between South Africa, Dubai and the United States of America.
British authorities are also looking into transactions that have come through banks such as HSBC and Standard Chartered for possible links to the Guptas.
According to EWN reporter Barry Bateman, the focus of the FBI's investigation are the nephews of Atul and Ajay Gupta, Ashish and Amol Gupta.
They are directors on a company in Texas in the United States. It is alleged that the Guptas are acting as middle man to secure contracts from Transnet.— Barry Bateman, EWN reporter
One of the crane suppliers for Transnet has alleged that they paid funds into a company belonging to the Guptas in Dubai. We understand it's a front company.— Barry Bateman, EWN reporter
That money was then moved to the United States to these nephews. So that's the movement of money that they are looking at.— Barry Bateman, EWN reporter
To hear the rest of the interview, listen below:
This article first appeared on CapeTalk : FBI to probe Guptas over SA, Dubai and USA cash flows