UK ex-minister claims HSBC, StanChart involved in S. Africa graft

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Peter Hain is testifying at a commission probing state corruption under former President Jacob Zuma. FMTNews HSBC

JOHANNESBURG: Former British minister Peter Hain on Monday accused international corporations and banks of abetting graft in South Africa.

“It should be a source of shame for the international community and these banks and professional enablers that they have facilitated this,” said Hain, now a member of the House of Lords. The Indian-born Gupta brothers — Ajay, Atul and Rajesh — are at the centre of a South African investigation into rampant corruption under Zuma’s nine-year administration.

 

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