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SA police raid bank in Zuma probe

June 10, 2018 3:32 AM
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JOHANNESBURG — An elite South Africa police unit raided offices of India’s Bank of Baroda on Friday and seized documents as part of an investigation into state corruption under former president Jacob Zuma, a police spokesman said.

Bank of Baroda, which is winding down its operations in South Africa, was thrust into the spotlight two years ago when it started working with the Guptas, a family of Indian-born businessmen who are at the centre of an influence-peddling scandal surrounding Zuma.

Police raided Bank of Baroda branches in Johannesburg and Durban and took documents showing bank transactions involving South African state firms, Hangwani Mulaudzi, a spokesman for the police’s elite “Hawks” unit, said.

“We are of the view that Bank of Baroda was used as a conduit for the transfer of illicit funds. The raids are happening as part of ‘state capture’ investigations,” Mulaudzi said, using a phrase coined to describe alleged influence-peddling under Zuma.

Source: thestandard.co.zw

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