accounts in Dubai were used by the Gupta network to launder the proceeds of their illicit gains from the South African state.
Furthermore, several multinational companies including McKinsey, SAP and KPMG have recently been implicated in facilitating the Gupta's financial crime activity. All three of these are facing multiple investigations. This follows a similar scandal involving IJK-based Bell Pottinger which went into administration as a result, and KPMG which has sacked its South African leadership but still faces many questions. The reach of the Guptas has not left Western countries untouched. In July, news broke of how over US$1-million paid by Swiss crane manufacturer Liebherr ultimately ended up in a US company, Brookfield Consulting, owned by US-citizen relatives of the Guptas.
These financial crimes committed by the Guptas are Widely documented and revelations continue to break as a result of relentless work by South Africa's remaining independent state institutions, investigative journalists, whistle-blowers, civil society and the academic community. The country's prosecuting authorities have yet to take action because they are widely regarded as having been compromised by the Guptas.
Having looked into this and talked with experts, and noting the reported views of the highly respected former South African Finance Minister Pravin Gordhan, I have deep concerns and questions around the complicity, whether witting or unwitting, of UK global financial institutions in the Gupta/Zuma transnational criminal network.
Based on my knowledge, the majority of the illicit funds have flowed through the UAE and Hong Kong. In both these jurisdictions, Ngo of the UK's largest financial institutions — Standard Chartered and HSBC — have their biggest footprints. It will be no secret to financial crime experts that criminals target large and credible financial institutions for the same reasons that legitimate multi-national networks do — for their global reach. Experts I have talked to cannot see how they will not have been exposed to this network.
I am therefore asking you to ensure UK law enforcement and regulatory authorities investigate this and also request all UK financial institutions to review their exposure for the following individuals and entities (though not limited to these):
GUPTA, RAJESH KUMAR, (ZA identity number: [REDACTED]) (or [REDACTED])
GUPTA, A TUL KUMAR, (ZA identity number: [REDACTED])
GUPTA, AJAY KUMAR, (ZA identity number: [REDACTED])
GUPTA, ART l, (ZA identity number: [REDACTED])
GUPTA, PUNEET (Passport no: [REDACTED])
GUPTA, CHETALI, (ZA ID No: GUPTA, VARUN, (ZA ID No: [REDACTED])
GUPTA, DEEPAK KUMAR, (ZA ID: [REDACTED])
GUPTA, SHUBHANGI (ID unknown)