Cost of Gupta state capture rises to R57bn

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South Africa Headlines News

Shadow World Investigations researcher Paul Holden on Tuesday told the state capture inquiry the cost of state contracts channelled to Gupta-linked entities was an estimated R57bn.

He said the figure had changed because transactions that had been left out of his previous report were now included. These included:Eskom payments to Gupta entities;small payments Holden had missed in his initial reportOf the R57bn, said Holden, R16.2bn was paid “directly or indirectly” to the Gupta enterprise, “all of which was drawn from SA state funds or kickbacks relating to state capture”.

“One of the most disturbing features of following the Gupta enterprise has been discovering these incredibly elaborate onshore and offshore bridges. In total, looking at these bridges, we have identified 3,659 separate transactions moving from these onshore and offshore bridges into the Hong Kong/China laundering network.”

 

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Hawu not so long ago we were told it was R49billion 🤔 Kanti which is it🤷‍♂️ either way Jamnandas told us that the 'state capture' looting amounted to R500billion we still want to know if indeed the Guptas looted 'R57bil' who looted the remaining R443billion🤷‍♂️🤷‍♂️🤷‍♂️

The most irritating thing about these gupta stories, we are always told about this billions and graphs. Where are the charges for these billions? StateCaptureInquiry

Let's deal with the current 500bn first

remember this figure cos as more looting occurs this figure will go higher

Yhooooooo uBaba ka Duduzane

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