The amaBhungane Centre for Investigative Journalism published a statement on Thursday morning claiming that they have evidence that the Gupta family have been using a group of holding companies to launder money.
They say the Gupta family used a company called Homix to channel money from Transnet, the state-owed transport operator.
CapeTalk/702's Stephen Grootes spoke to Stefaans Brümmer of amaBhungane, who has been investigating the story for more than a year.
In 2014, R35 million and 41 million were paid by Neotel to Homix, a letter box company. It later emerged that Neotel was paying Homix to organise huge contracts for it at Transnet.— Stefaans Brümmerof amaBhungane
Through their investigations, Brümmer says they found other amounts of money flowing through Homix to additional unknown destinations.
He says some of it was tracked to Hong Kong to a company that shared an address with some of the Gupta associates.
The money couldn't keep flowing that way because the Reserve Bank caught on to it and then money started flowing in another route.— Stefaans Brümmer of amaBhungane
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