Transnet entangled in laundering scandal involving Gupta-linked firms

Transnet has been implicated in a Gupta-linked money laundering scandal, investigative unit Amabhungane has revealed.

Amabhungane's Sam Sole has detailed the emergence of more kickbacks to Gupta-linked shelf companies.

Regiments Capital secured a massive consulting tender at Transnet, but half of the profits were syphoned off to so-called business development partners, Sole explains.

Regiments Capital is the company from which Trillian emerged. Trillian was majority-owned by Salim Essa and linked to the Guptas.

Sam Sole, joint managing partner at amaBhungane

The 50% went to companies that really only exist on paper.

Sam Sole, joint managing partner at amaBhungane

In 2015, Transnet awarded a R375 million consulting project to Regiments Capital and McKinsey.

Regiments Capital's director Eric Wood would later join Gupta associate Salim Essa to start Trillian.

The remaining Regiments Capital says they only found out about some of the alleged kickback payments after Wood left, Sole says.

Take a listen to him uncover the web of Gupta-linked laundering:


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