Minister Zwane to investigate illicit exports

Central to this story, once again, is the now infamous Gupta family – which has been accused of completing suspicious transactions, with money flowing between South Africa and India.

Minister of Mineral Resources Mosebenzi Zwane said targeting those who might be responsible for the illicit exports of mineral resources would be a priority for the South African government in 2017.

Central to this story, once again, is the now infamous Gupta family – which has been accused of completing suspicious transactions, with money flowing between South Africa and India.

One of those transactions was allegedly approved by the Department of Mineral Resources. There is also the allegation that the Department attempted to withhold information about that transaction, which involved the transfer of R1.5-billion from a trust account for the Optimum Coal Mine to the Bank of Baroda in India.

Zwane said his department would seek to establish if the reports about illicit flows was true, adding that he would deal with the matter harshly were that to be the case.

“This matter will receive priority attention early in the new year, and if it warrants a forensic investigation, this will be done, so that we can take decisive corrective action,” said Zwane this week.

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