[LISTEN] Lord Hain warns Britsh companies to avoid business with Zupta sources

Speaking on the impact of looting in South Africa, former anti-apartheid activist Lord Peter Hain says state capture is affecting the ability of government to function as it should and allow for proper public services.

The former anti-apartheid activist spoke to Bongani Bingwa to reflect on his past work and exposing multinational banks implicated in the alleged laundering of billions of rands by the Gupta family.

READ: Lord Hain wants the Gupta family and associates investigated

Hain says South Africa has gone from the 'hero of the rainbow nation days' to the level of a corrupt state.

That has to change because otherwise there is no future for the country and frankly there is no future for the ANC.

Lord Peter Hain, former anti-apartheid activist

Standard Chartered, HSBC and Bank of Beroda are being probed for accounts linked to the family.

Standard Chartered, HSBC and Bank of Beroda, have admitted that they have held Gupta accounts and have had to close them down, so there is no questions that that money has been flowing through those banks. They now say to me they have stopped that.

Lord Peter Hain, former anti-apartheid activist

My message to all the British companies involved is do not do any business with any of the so called Zupta sources, freeze them out, cut them dead financially, refuse to do any work for any state captured organisation.

Lord Peter Hain, former anti-apartheid activist

ALSO READ: 'Hain's claims of corruption at SARS is baseless' - SARS Group Executive

You cannot white-wash corruption.

Lord Peter Hain, former anti-apartheid activist

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


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