Treasury capture: How Mosebenzi Zwane went to 'bat for the Guptas' | News24

Former mineral resources minister Mosebenzi Zwane. Picture: Sizwe Ndingane

In a brazen attempt to protect the corrupt interests of the Gupta family, former president Jacob Zuma, former mineral resources minister Mosebenzi Zwane and other high-level officials weakened anti-corruption and anti-money laundering legislation, threatening banks and attempting to establish a judicial inquiry into Treasury and the South African Reserve Bank .

This is according to an explosive affidavit to the Zondo Commission by deputy director-general for tax and financial sector policy at National Treasury, Ismail Momoniat. He stated that in these attempts Zwane was"bat[ting] for the Guptas". After four major banks closed accounts linked to Gupta businesses in 2016, Zuma and Zwane launched an attack not only on banks, but on National Treasury and SARB to"service the Gupta family and their businesses".Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism. You can cancel any time.

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