Banks’ role in enabling graft under scrutiny after South African commission publishes part one of its state capture report
South Africa’s banks are bracing themselves for further findings of the judicial commission of inquiry into allegations of state capture after the first part of its report recommended that authorities investigate Nedbank and its employees over their alleged roles in a corrupt contract.
Nedbank strongly denies wrongdoing in the contract that involved Airports Company SA (ACSA) and Gupta-linked financial advisory and investment company Regiments Capital.
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