Is the Financial Intelligence Centre investigating the Guptas?
08 May 2016
Reports suggesting the Guptas may have purchased a R445-million mansion in Dubai reinforces concerns that the Guptas may have illegally moved assets, including large amounts of cash, out of South Africa.
Last month on 15 April 2016, I wrote to the Director of the Financial Intelligence Centre, Murray Michell, requesting him to investigate the allegations surrounding the Guptas.
At that time, there was a grave concern that the Guptas had left South Africa and that their money had illegally followed, or was about to illegally follow, them out of South Africa.
Replying to my request for an investigation on 20 April 2016, the Director said: