Corruption under former South African President Jacob Zuma has been facilitated by banks, corporations and foreign governments. On Monday, British MP Peter Hain sent a letter to the Commission of Inquiry into the capture of the alleged state.
The paper focuses on three institutions: HSBC, Standard Chartered and the Indian Baroda and their key executives. The parliamentarian names them as « direct culprits » of the looting of the South African Treasury under the Zuma era.
Peter Hain has been invited to testify because he has already conducted an investigation in which he identified several companies as complicit in South Africa’s extensive corruption system. It was two years ago.
According to him, the companies concerned as well as the banks took advantage of this situation. He adds that the Gupta family could never have accumulated this illicit wealth if companies and banks had not helped him.
A former anti-apartheid activist, British MP Peter Hain called on all these institutions to cooperate so that all those involved in the capture of the state in South Africa are brought to justice.