Guptas Still Laundering Money Out Of SA Through Eskom?

The One SA movement will write to Eskom’s board to reverse the decision to support the business rescue plan for Optimum. Meanwhile, Mmusi Maimane wants full access to the terms and conditions of their deal with Eskom.

Guptas Still Laundering Money Out Of SA Through Eskom?-SurgeZirc SA
Ajay Gupta, right, and younger brother Atul Gupta/Photo File: Time

A string of explosive allegations has been tabled by Mmusi Maimane on Monday, as the former leader of the opposition-held a press conference to announce findings from investigations lead by the One SA Movement. He has accused the Guptas of ‘being on the verge of receiving a multi-million dollar windfall’ from a deal brokered with Eskom.

As you’d expect from a supposed money laundering operation that includes the Guptas, there is an incredibly convoluted set of events that need to be unpacked first. According to the research from Maimane and his colleagues, the brothers still have a shell company that is feeding off of Optimum, and in turn, organising a way to funnel millions out of the country.

READ MORE: White Only Contestants! SAns Slam New M-Net Show Over Diversity, Label It Love Island Orania

A top associate of the Guptas is acting as a ‘middle-man’ in the deal, and money has apparently been sent directly to the fugitive family via a channel in Bermuda. Maimane is highly concerned that Eskom is still funding the Indian billionaires.

The alleged dodgy deal can be explained in six steps:

  • – A Gupta shell-company ‘has been given the green light’ to claim $100 million from Optimum coal mines (Eskom’s supplier).
  • – Eskom ‘has given power to Gupta affiliates’ to cover their tracks in corruption linked to inflated coal contracts.
  • – Akash Garg, a best man at the Gupta Sun City wedding, owned 50% of Centaur Ventures; ‘one of Optimum’s top creditors’.
  • – Centaur ‘laundered the Gupta’s coal money’ out of SA – via Bermuda.
  • – In September 2020, Eskom and Centaur voted to approve a business rescue plan for Optimum.
  • – This gives Centaur executive power over Optimum, and Maimane insists ‘the red flags cannot be ignored’.

READ MORE: Sassa Demands Bathabile Dlamini To Pay Money It Paid For Her Private Protection

The One SA movement will write to Eskom’s board to reverse the decision to support the business rescue plan for Optimum. Meanwhile, Mmusi Maimane wants full access to the terms and conditions of their deal with Eskom.

Centaur can also expect a forensic review, with Maimane confirming he will ask Pravin Gordhan to launch an audit into the company’s financial activities since 2016. The Guptas, he says, ‘cannot continue to benefit from Eskom corruption’.

Share this article with friends
0 0 vote
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments