How Guptas used complex web of local and overseas 'laundromats' to wash R15bn in SA taxpayers' money

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The Gupta family laundered more than R15 billion out of South Africa through an intricate web of well-known local and offshore "laundromats".
The Gupta family laundered more than R15 billion out of South Africa through an intricate web of well-known local and offshore "laundromats".
Photo: Gallo Images/Getty Images

The Gupta brothers used a complex web of local and overseas "laundromats" - particularly in the United Arab Emirates, Hong Kong and China - to disguise, wash and dissipate at least R15.5 billion that they stole from South African taxpayers over several years.

This is but one in a series of hard-hitting findings contained in the last volume of the state capture report, which Chief Justice Raymond Zondo handed to President Cyril Ramaphosa at the Union Buildings on Wednesday. 

Zondo found that the Guptas used an array of different money-laundering networks to dissipate the money they generated from state capture. 

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