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The Zondo Commission heard that the Guptas made use of criminal enterprises to move funds abroad. Image: Shutterstock
Paul Holden of Shadow World Investigations appeared before the Zondo Commission of Inquiry into allegations of state capture on Tuesday to continue with his testimony.
His previous testimonies resulted in a flurry of submissions in response to the Rule 3.3 notices that had been sent to persons implicated by him.
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Gupta money laundering network paid firms linked to terror groups, Zondo hears ewn.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ewn.co.za Daily Mail and Mail on Sunday newspapers.
Global firm Denton’s South Africa office made several payments to a Gupta front company after landing contracts totalling nearly R27-million at state-owned entities Eskom and Denel. The firm says it was just a ‘marketing’ fee for Project Picardi and Project Betty.
Law firm Dentons finds itself in unsavoury company following evidence at the State Capture Commission that it had paid nearly R2-million to a Gupta front company.
The multinational firm’s Africa CEO, Noor Kapdi, confirmed making payments to Fortime Consultants, but maintains that it was for certain marketing services provided. The payments came on the back of two multimillion-rand deals at Eskom and Denel in 2015.
Fortime is among a list of at least 14 first-level laundry vehicles in the Gupta network alleged to have received hundreds of millions of rands in kickbacks from companies such as Regiments Capital and Trillian Capital Partners after they landed government business.