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In this chapter, Lauren Hermanus and Catrina Godinho trace the process of State Capture at Eskom over time, with a focus on the period from 2010-2019. By constructing a temporal progression, it will explain how the State Capture network first infiltrated and then parasitised the utility. It wil. ....
The fourth instalment of Judge Raymond Zondo’s report on State Capture adds the names of about 30 individuals to the list of people that the Zondo Commission recommends for potential prosecution by the National Prosecuting Authority (NPA). This brings the total number from the reports so far. ....
Government, SOEs poured R49-billion into criminal enterprises Paul Holden, co-founder and director of Shadow World Investigations, appeared at the Zondo commission of inquiry into allegations of state capture on Monday to give evidence on Gupta contracts with state-related entities. Shadow World Investigations focuses on cases of grand corruption, corporate malfeasance and militarism (co-founder Andrew Feinstein was an ANC MP until his resignation in 2001 when the party refused to properly investigate the arms deal). Holden gave a stupefying account of billions of rand paid from state-owned entities and other governmental organisations into a complex local laundromat. From here the “laundered” funds were transferred into further complex offshore arrangements in Hong Kong, China and Dubai. Ultimately, the funds ended up in Gupta-related enterprises. ....
State funds ended up in Guptas clutches in three ways, Zondo commission hears By Kailene Pillay Share Johannesburg - The state capture commission has heard explosive evidence from the director at Shadow World Investigations, Paul Edward Holden, who revealed that over R49 billion of state funds had been disbursed in expenditure tainted by state capture. The Gupta enterprise, he estimated, earned just over R16bn of that money. Holden, who gave evidence from an off-site location, explained how state funds were laundered through an enormous and complex manner via numerous Gupta-linked shell companies. He simplified it, explaining to the commission that the state funds ended up in the Guptas clutches through three ways. ....