Case study: lack of due diligence at the heart of Covid-19 corruption

Tabelo Timse

12 October, 2020

Weak oversight and poor due diligence enabled Northern Cape companies to qualify for Covid -19 emergency procurement.

Update: VBS finance boss Truter strikes deal with NPA

Dewald van Rensburg

7 October, 2020

The alleged fraudsters behind the bank's destruction will face insider testimony when they go to trial.

Instructions from the boss: Gupta-linked public enterprises DG in ‘irregular’ R22m procurement 

Tebogo Tshwane

Leaked draft forensic reports claim Richard Seleke — the Gupta-tainted former public enterprises director general — pushed through a tender for a company he allegedly knew from the Free State.

How VBS bet on saving itself with Prasa money — and lost by the skin of its teeth

Dewald van Rensburg

5 October, 2020

In an extract from his new book, VBS: A Dream Defrauded, amaB investigator Dewald van Rensburg reveals how executives pulled out the stops to save their foundering bank with a R1-billion deposit from the passenger rail agency — a state-owned entity, if any, that could ill afford it.

Prasa pays R3m to Mbaks’s administrator — just before court culls him

Gemma Ritchie

2 October, 2020

On the eve of a court ruling that the transport minister had appointed Prasa's administrator unlawfully, the rail agency rushed through payment for his nine-month tenure.

Part two: The hollow man? In the wars

Micah Reddy

1 October, 2020

In part one, we asked whether arms trader Ivor Ichikowitz was a "man of Africa", as he says, or gutting some local assets while building an offshore empire.

FinCEN Files: Planes, boats and tax havens

Micah Reddy

24 September, 2020

Leaked US Treasury records offer a glimpse into the business empire of controversial Paramount founder Ivor Ichikowitz.

Former SAP exec implicates global software business in corruption probe

Susan Comrie

23 September, 2020

SAP executives in the US and Germany were repeatedly warned the practice of paying commissions to “business development partners” in South Africa was an invitation to corruption, a senior ex-colleague tells investigators.

Obituary: Regiments Capital

Susan Comrie

In the late 2000s, Regiments used its proximity to the ANC to capture the City of Jo'burg.

SARS hits Guptas with major tax bill and unearths R105m in mystery payments

Dewald van Rensburg

21 September, 2020

A tax audit has pried open new details of the money laundering structure used by the crime family to fund the infamous wedding in Sun City with cash from the Estina dairy project.

New York court grants IDC access to Gupta financial records from 17 international banks

Kyle Cowan, News24

Evidence showing how Gupta family businesses round-tripped and laundered state funds from the Estina dairy project as well as Transnet locomotive deal kickbacks, may lie in the electronic vaults of more than a dozen New York banks.

New evidence points to corruption in SAP’s R1-billion water deals

Susan Comrie

18 September, 2020

At the height of state capture, the global software giant walked into the most captured places in the country and walked out with record-breaking deals.