State capture | There were glaring money laundering signs for HSBC, state capture commission hears

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Ajay and Atul Gupta.    Photo: Archive
Ajay and Atul Gupta. Photo: Archive

All signs of a money laundering machine were there. Money paid to Hong Kong-based Gupta entities, Regiments Asia and the Tequesta Group, came and left for shelf companies as soon as it landed in their bank accounts, Paul Holden told the Zondo commission of inquiry into state capture on Monday night.

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