South Africa has launched an investigation into a number of folks concerned in a gold smuggling and cash laundering scheme uncovered by Al Jazeera’s Investigative Unit.
In a speech to the Parliament of South Africa, President Cyril Ramaphosa stated this week the investigation was within the “inquiry stage”.
“We’re dedicated to preserving the integrity of our monetary system within the pursuits of the broader economic system and atypical residents,” Ramaphosa added on Thursday. “Particulars of the steps which are being taken can’t be divulged at this stage with out compromising the investigation.”
The investigation is the direct results of Gold Mafia, a four-part collection by Al Jazeera’s Investigative Unit (I-Unit) into gold smuggling and cash laundering in southern Africa.
In it, Al Jazeera revealed how a bunch of cash launderers and gold smugglers had successfully taken over a number of South African banks by bribing key members, permitting the criminals to ship giant quantities of illegally obtained cash abroad with out elevating the suspicions of the authorities.
Mo {Dollars}
The important thing individual on this course of was a person named Mohamed Khan, nicknamed Mo {Dollars}.
“He’s form of held up as a form of shadowy determine that controls cash laundering in South Africa,” cash laundering investigator Paul Holden advised Al Jazeera.
Amongst Khan’s largest purchasers was Simon Rudland, a Zimbabwean millionaire who owns one of many area’s largest tobacco corporations, Gold Leaf Tobacco. South African income officers have accused Rudland of evading taxes by promoting his cigarettes on the black market.
Rudland authorised Khan’s firm SALT Asset Administration to hold out international alternate transactions on Gold Leaf’s behalf. Khan, who additionally owned one other firm referred to as PKSA Group, then used a fancy internet of faux invoices, entrance corporations and financial institution accounts to launder a whole lot of thousands and thousands of {dollars} to financial institution accounts all around the world, from Dubai to Mauritius to Switzerland.
These corporations are managed by Rudland and a number of other enterprise companions.
To make sure that this course of didn’t increase any crimson flags in South Africa’s monetary system, Khan would bribe key officers at two of the nation’s largest banks – Normal and Absa – in addition to at Sasfin, a financial institution that focuses on small companies.
Ledgers accessed by Al Jazeera present hundreds of {dollars} of money have been paid each month to those officers. Different paperwork and interviews reveal that dodgy, illicit transactions have been solely processed when bribed workers have been within the workplace.
Individuals in financial institution compliance departments have been paid to make sure that PKSA and SALT Asset Administration paperwork appeared clear and received the required approvals. And within the case of Sasfin, a member of the IT division acquired bribes to wipe fraudulent transactions from the financial institution’s on-line system.
Request for UK investigation
Final week, a member of the Home of Lords in the UK requested for the same investigation into members of the Gold Mafia by UK authorities.
Three of the folks featured within the investigation – Uebert Angel, Rikki Doolan, and Kamlesh Pattni – have British citizenship.
“I hope that the Nationwide Crime Company is investigating the actions of those people and others named within the documentary and the sources of their wealth, and that the authorities received’t hesitate to freeze their funds whereas these investigations are being pursued,” Baron Jonny Oates of Denby Grange stated throughout the dialogue of the Financial Crime and Company Transparency Invoice.
Uebert Angel is a pastor and self-proclaimed prophet who was appointed Zimbabwe’s ambassador-at-large for Europe and the Americas by President Emmerson Mnangagwa. Doolan is Angel’s quantity two. Angel was covertly recorded agreeing to smuggle $1.2bn of soiled money into Zimbabwe utilizing his diplomatic standing. He advised Al Jazeera’s undercover reporters, “[The plane] will land in Zimbabwe and Zimbabwe can’t contact it too till I get to my home. So, there could be a diplomatic plan.”
Kamlesh Pattni is a gold smuggler who within the Nineteen Nineties virtually bankrupted Kenya via a gold smuggling scheme. He has since moved his gold smuggling and cash laundering operation to Zimbabwe. He additionally supplied to assist Al Jazeera’s undercover reporters to launder cash and smuggle gold, a deal that he stated could be protected by Mnangagwa.
YouTube account taken offline
In response to the investigation, Angel stated he was really undercover himself when he supplied to interrupt the legislation. Angel, who claims he can predict the long run, stated he was all the time conscious the undercover journalists have been reporters, and he had concocted an elaborate scheme to disclose the true nature of the conferences regardless of by no means offering any proof of him working undercover himself.
For the reason that launch of the investigation, Angel’s YouTube channel has been taken offline, though it’s unclear whether or not the account was eliminated by YouTube or if Angel took the account offline himself.
A second account, additionally belonging to Angel, stays on-line.
Reponses to investigation
Simon Rudland advised Al Jazeera that the allegations towards him shaped a part of a smear marketing campaign by an unidentified third get together. He denied any involvement within the sale of illicit cigarettes and in gold or different smuggling.
He accepted that he had had dealings with Mohamed Khan, who he agreed “appeared” to be a cash launderer. He acknowledged that Gold Leaf and one other of his corporations had authorised Khan’s SALT Asset Administration to behave as their agent however denied that any type of cash laundering had been undertaken for him or any of his companies.
Gold Leaf Tobacco denied any involvement, previous or current, in cash laundering, unlawful gold commerce and associated issues. No “untaxed” or “unlawful” cigarettes may very well be “attributed” to Gold Leaf, it stated. Gold Leaf’s restricted transactions with Mohamed Khan and SALT Asset Administration had all the time been lawful and correct, it stated.
Mohamed Khan advised Al Jazeera that every one allegations towards him have been false and primarily based on hypothesis, conjecture and manufactured and doctored proof. He confirmed that he was the proprietor of the PKSA Group and of SALT Asset Administration and that Gold Leaf have been purchasers of SALT, however he denied involvement in cash laundering or different felony exercise. He denied bribing anybody who labored within the South African banking sector.
Sasfin Financial institution advised Al Jazeera it was taking vigorous motion towards suspended and former workers and purchasers of its international alternate unit and stated that it not had a relationship with any of the companies named on this article.
Absa Financial institution stated it had handed Al Jazeera’s findings to its Forensic Investigative Unit, whereas Normal Financial institution stated it has a zero-tolerance stance referring to fraud and criminality and would report and help in any authorized investigation.
Kamlesh Pattni denied involvement in any type of cash laundering or bribery and denied being in communication with Mnangagwa or having any enterprise dealings with him.
Others featured on this report didn’t reply to our inquiries.
