amaBhungane | A scramble for the broke and broken Habib bank news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.
Over the past decade, Johannesburg banks have been fair game for a group of alleged money launderers tied to luminaries in the gold and tobacco sectors. The cash flow was enough to transform a small bank’s balance sheet overnight, yet no one raised the alarm. We ask why it was so easy and where.
A cash and gold laundromat developed and thrived over a considerable period of time, crossing borders and moving a staggering amount for a variety of players.