Weak oversight and poor due diligence enabled Northern Cape companies to qualify for Covid -19 emergency procurement.
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The alleged fraudsters behind the bank’s destruction will face insider testimony when they go to trial. Their former colleague will be spilling the beans.
Leaked draft forensic reports claim Richard Seleke — the Gupta-tainted former public enterprises director general — pushed through a tender for a company he allegedly knew from the Free State.
In an extract from his new book, VBS: A Dream Defrauded, amaB investigator Dewald van Rensburg reveals how executives pulled out the stops to save their foundering bank with a R1-billion deposit from the passenger rail agency — a state-owned entity, if any, that could ill afford it.
On the eve of a court ruling that the transport minister had appointed Prasa’s administrator unlawfully, the rail agency rushed through payment for his nine-month tenure.
In part one, we asked whether arms trader Ivor Ichikowitz was a “man of Africa”, as he says, or gutting some local assets while building an offshore empire. Now we look at detailed claims that his group hobbled a subsidiary by holding back resources when they were needed most.
Leaked US Treasury records offer a glimpse into the business empire of controversial Paramount founder Ivor Ichikowitz.
SAP executives in the US and Germany were repeatedly warned the practice of paying commissions to “business development partners” in South Africa was an invitation to corruption, a senior ex-colleague tells investigators.
In the late 2000s, Regiments used its proximity to the ANC to capture the City of Jo’burg. Then, when the Guptas came to town, it hitched its wagon to the state capture train.
A tax audit has pried open new details of the money laundering structure used by the crime family to fund the infamous wedding in Sun City with cash from the Estina dairy project. It turns out the wedding was only part of the story.
Evidence showing how Gupta family businesses round-tripped and laundered state funds from the Estina dairy project as well as Transnet locomotive deal kickbacks, may lie in the electronic vaults of more than a dozen New York banks. Now, the IDC has been given the keys.
At the height of state capture, the global software giant walked into the most captured places in the country and walked out with record-breaking deals. It did this by paying “commissions” worth millions. We already know about contracts at Eskom and Transnet, but now two more at the department of water and sanitation have come back to haunt it.
Is arms trader Ivor Ichikowitz a ‘man of Africa’, as he says, or is he gutting some of his assets in SA while building an offshore empire?
A politically connected group allegedly ripped off the state-owned development financier by diverting most of a loan meant for an engineering firm, which was then put into business rescue.
AmaBhungane has approached the high court on an urgent basis to access a “section 417” inquiry into the collapse of Paramount Combat Systems, an armoured vehicle manufacturer that forms part of an international – and politically connected – group.
The Cape businessman seems set to extract millions more from the R4.3-billion his company irregularly scored from the PIC – but JSE rules are complicating his latest attempt.
That there are opportunists who will look at a global tragedy and see only a chance to defraud the public purse underscores an urgent need: we must know who these people are. We need beneficial ownership transparency in procurement.
The National Lotteries Commission is a Goliath, funding “worthy causes” to the tune of about R1.3-billion annually. But when a couple of media Davids started investigating just how worthy some of those causes were, a ragtag “astroturf army” sprang up to make common cause with the NLC and its bid to keep beneficiaries secret. If the plan was to silence questions, then it has backfired badly.
Eskom and the SIU have put together the biggest claim yet to recover moneys looted during the state capture era.
Our investigations have helped identify billions that are being recovered by the state and state-owned companies. Help us do more.
Official figures say Covid-19 has killed about 20 inmates inside South Africa’s prisons – but some prisoners say it may be worse. Slow progress with releasing qualifying prisoners on parole may have contributed to the spread of the virus because social distancing is “impossible”.