Update: McKinsey to return R870m state-capture money to Transnet

The money was earned from a three-year partnership between the consulting behemoth and state capture enabler Regiments Capital. McKinsey continues to insist that it was unaware that Regiments was channeling part of the fees to the Guptas.

Nedbank scandal in your pocket: Now for the ebook

Miss out on amaB’s investigation into Nedbank and state capture? Download the easy-on-the-eye ebook here.

State capture: The case against Nedbank

In the saga of disgraced financial services firm Regiments Capital, one name keeps popping up: Nedbank. After years of digging, we can disclose that the bank incentivised the firm to peddle the bank’s financial products to public sector clients that Regiments was supposed to advise impartially. Together, they raked in hundreds of millions.

Update: Sars freezes R2.8-billion from Chinese rail company that paid Gupta kickbacks

The tax collector can breathe a sigh of relief after the court ordered a last-minute halt to the release of funds linked to state capture.

At a minute to midnight, Sars attempts to secure R4bn state capture loot

At a minute to midnight, Sars attempts to secure R4bn state capture loot

Days before the Reserve Bank must release funds it quietly froze to Chinese rail group CRRC, the taxman goes to court to preserve them and prepares to claim billions from CRRC based on evidence that it paid kickbacks to the Guptas.

At Zondo, EOH plunges ANC and Joburg mayor Makhubo into tender kickback scandal

New information at the Zondo commission has unearthed evidence that executives of the tech giant channelled questionable payments to the ANC – before and after it landed significant contracts with the city – and to a company controlled by current Johannesburg mayor Geoff Makhubo.

Zondo Commission

EOH’s Mackay doled it out to Zizi Kodwa and other ANC officials, Zondo hears

Flamboyant tech firm executive Jehan Mackay made repeated payments to ANC functionaries over three years, the Zondo commission heard today [Wednesday]. An investigation commissioned by EOH found payments to the current deputy minister of state security, the then ANC Youth League treasurer and Jacob Zuma’s assistant.

Kamal Singhala far left, Varun Gupta third from left, Aakash Garg sixth from left, Ashok Narayan far right.

After state capture, Guptas and friends are flying high

Since the Guptas fled to Dubai, some members of the family have kept busy. Key to the next-generation Guptas’ international adventures is an alliance with another Indian business family, the Jalans.

Instructions from the boss: Gupta-linked public enterprises DG in ‘irregular’ R22m procurement 

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. 

Obituary: Regiments Capital

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.

SARS hits Guptas with major tax bill and unearths R105m in mystery payments

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.

New York court grants IDC access to Gupta financial records from 17 international banks

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.

Premiers, ministers, Guptas: the mysterious powers of VBS fixer Danny Msiza

The ANC’s Limpopo treasurer was by all appearances VBS Mutual Bank’s chief political fixer at the bottom rung of government, the municipalities. Evidence however suggests that he also connected the VBS fraudsters to the highest echelons of the ruling party and may even have introduced the criminal bank to the Gupta crime family.

How the Guptas’ R9-billion loco heist went down

Not for the fainthearted: Drawing on contracts and banking data we make public for the first time, we analyse in detail how Transnet locomotive suppliers pledged R9-billion in kickbacks to the Guptas, of which at least R3.7-billion has been paid.

Locorruption reloaded: We reveal Gupta kickback contracts worth R9bn

Three years ago today amaBhungane and its #GuptaLeaks partners revealed a kickback contract between the Guptas and a locomotive manufacturer contracted to Transnet. Now we publish eight. These, and banking data, show how comprehensively the crime family pillaged SA’s state rail company – in cahoots with two Chinese manufacturers that have since merged to form the world’s biggest rail conglomerate.

The dirt on Deloitte’s consulting deals at Eskom, Part 2

In Part 1 we explained how Deloitte received R207-million worth of consulting work from Eskom through a process that chairman Jabu Mabuza described as difficult to conceive of anything “less fair, equitable, transparent or competitive”. That senior Eskom employees bent and broke the rules for Deloitte now seems obvious. The only question is why?

The dirt on Deloitte’s consulting deals at Eskom, Part 1

Deloitte, one of the “Big Four” accounting multinationals, took exception when South Africa’s electricity utility accused it of  “pure corruption” and demanded repayment of R207-million in consulting fees from the state capture era. It proclaimed its innocence and said Eskom had tried to bully it into a settlement. Now a deep dive by amaBhungane suggests it is Deloitte’s competitors and the taxpayers who should feel aggrieved.

State Capture 2.0 Part 2: Mkhwebane ordered investigator to ‘remove information’ on Ace, Zwane in Estina report

Whistleblower blows the lid on how the Public Protector allegedly cooked the Estina investigation.

Cash cows and computers — Ace Magashule’s laptop deals with Guptas’ Vrede dairy man; Joemat-Pettersson’s Saxonwold meetings

#GuptaLeaks info implicates ANC secretary-general in a computer deal that ran parallel to the Vrede dairy scam — and suggests the then-national agriculture minister also played a role.

Another Gupta wedding brings shadowy in-laws into the fold

The infamous family’s latest mega-wedding has cemented ties with another clan already implicated in one of the Gupta’s more memorable ventures in South Africa. Now the two families are branching out in a big way.