REVEALED: HOW THE GUPTAS MILKED THE FREE STATE TAXPAYER OF MILLIONS TO PAY FOR A SUN CITY WEDDING.

 

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Article posted  by: White Nation  correspondent Pretoria June30  2017

 

 

SOUTH AFRICA– FAILED LAND OF COMMUNIST ANC ORGANIZED CRIME ,LIBFARTS, UNION CHAOS , MISDIRECTED RAINBOW MONKEYS – AND WHITE GENOCIDE

 

SOUTH AFRICA lately are caught up between the hammer of multiple scandals – and the anvil of continuous corruption. Since Jacob Zuma hi-jacked the presidential seat in a soft “koo-de-etat”– the whole country became his personal ATM machine- and between him, his ANC cronies- and the Guptas– the country’s financial resources were bled into a financial crisis. Yet it became clear that Zuma stay in power through intimidation and threatening tactics he imposed on his own cadres. And we talk threats like death threats and dangerous intimidation here. Zuma is using deadly mob tactics to stay in power. Being a psychopath he is more than capable – and willing– to use that power too.

Most of the ANC top positions are populated by either Zuma family members– or close confidantes that were bribed and entrapped in Zuma’s deadly networks of corruption. Zuma saw to it that his iron grip on his lower ranks are kept intact by fear. Thus they keep voting him into power to save their own scrawny necks. Once they turn against him in a “no-confidence” vote for example- and Zuma goes down…..so will  they too because Zuma will “pimp” on them with the speed of white cockatoo shit! He literally will bring their house of cards down on them. Thus most of these criminal ANC hoodlums choose the “easy” way out and rather dance to Zuma’s tune – rather than alternatively face a long jail sentence. Good businessman ship that is. 

But then again- it’s not only them- the blame must squarely be place on the shoulders of the black racist voters themselves that keep on voting for Zuma and his ilk– just to receive that never-ending “state grants”, free electricity, medical benefits – and free services while languishing in free “pondokkies” they erect illegally across South Africa in “no man’s land.” If you are black- you automatically qualify for a free ride through life. In the mean-time they are destroying the whole Western structure by burning whole towns down and sapping as much resources as the country can supply in there never-ending zest of “ unhappiness.

To rather try and assist the country by developing new ideas and start working in micro businesses to help support the ailing economy just isn’t in their scope or ability. It is just too “comfortable” to sit back and enjoy all the “free bees” the declining tax payer have to fork out.  AND the liberal corporate rats with their ANC dregs are exploiting this laziness to the extend for their own selfish power to stay in control.Having enough useless layabouts on the state grant wagon automatically ensures a land-slide win at the polls.  it’s as simple as that. As long as we keep on paying attention to the malicious liberal propaganda that we “owe” blacks everything for “past atrocities“- and donning that ” political correct” mask of illusion and keep on feeling “guilty” for being white- the filthy liberals keep on trying to enforce upon us- this plundering will proceed at the cost of a very few hard working people that have to fight and endless fight between ever rising taxes , black corrupt hoodlums, masses of parasites- and Indian laundromats that keep on sucking the country dry.

BUT with Zuma in power the country continue to sink into a certain financial quagmire. AND while the country’s financial status became more and more a disastrous turmoil of corruption- vultures like the Guptas take advantage of the vacuum that exists due to poor governance- and are busy stripping the state coffers bare. The taxpayer- technically only a mere 3 million- are the ones that have to  foot a very expensive kleptomaniac bunch of parasites. Meanwhile SARS- that devious bloodsucking state vacuum cleaner  in Pretoria- currently again are busy “revamping” their system to find more devious ways how to get their dirty claws into more private assets – and nail the overburdened taxpayer even more just to feed the ever unsatisfying greed of their puppet masters. AND meanwhile the Guptas- Zuma’s “untouchable” compadres– are now into overdrive to plunder the taxpayer’s pocket even more. For instance: The Guptas always denied that they were behind the infamous Vrede dairy project. Now leaked records show that public funds were laundered from the project via Dubai to pay for the family’s showcase wedding.

 

By all accounts, the 2013 Sun City nuptials of the Guptas’ niece, Vega, was a dazzling display of the family’s wealth.  Except it was not. The #GuptaLeaks reveal that the Free State provincial government largely picked up the tab for the “event of the millennium“, as it was described by a guest, KPMG Africa then-chief executive Moses Kgosana.My wife and I were privileged to attend and enjoyed every moment and every occasion,” Kgosana gushed in a thank-you note to Atul Gupta. “I have never been to an event like that and probably will not because it was an event of the millennium.”  

Surely, though, the long list of political and business figures attending the multi-day spectacular were not privy to the veiled source of funds. Except KPMG’s Kgosana should have been. KPMG were the auditors of the Guptas’ Linkway Trading (Pty) Ltd. This company, we shall see, played a crucial role in allowing the diversion of cash earmarked for the Free State’s Vrede dairy project to reimburse most of the wedding expenses – R30-million to be exact.

By allowing Linkway to account for the wedding as a “business expense”, KPMG further ensured that the Guptas paid zero taxes on their Free State government windfall. (See also: The Dubai Laundromat – How KPMG saw no evil at the Sun City wedding) KPMG said this week it was normal for it to attend “client related events”:In this case the wedding attendance was approved by our risk management and the accommodation costs were borne by KPMG.  “We stand by our work done and audit opinions issued.” The Gupta family did not respond to our inquiries.

Gupta “Radical Economic Transformation, “– courtesy of Mosebenzi Zwane

amaBhungane first revealed in 2013 how the Free State provincial government had gifted an unknown company, Estina, a free 99-year lease to a 4,400-hectare farm outside Vrede. Estina’s sole director was an IT salesman with no farming experience. The government also promised Estina R114-million a year for three years to set up a farming operation and dairy, whose supposed purpose was to “empower locals and boost provincial agriculture.Mosebenzi Zwane, now South Africa’s mineral resources minister and then Free State MEC for agriculture, drove the provincial government to adopt the dairy project. Vrede is Zwane’s home town. The project was not put out to public tender.

Zwane, among the Guptas’ most ardent defenders, recently claimed the #GuptaLeaks were an attack on “committed government employees. “ Zwane did not respond to our inquiries made earlier this week. In 2013, amaBhungane established that Estina had an address also used by Gupta companies and that Kamal Vasram, its sole director, had ties to the Guptas. Despite these signs of Gupta involvement, the family denied any connection, save for a R138,000 consulting contract performed by Linkway Trading – coincidentally or not the same company that features in this story.

Vasram repeated the Gupta line that the controversial family was not involved, telling amaBhungane at the time: “I wish to categorically state that they are not involved in any manner in this project.” The #GuptaLeaks have unraveled these denials. Dozens of emails and other records show the family not only had significant control over the scheme, but diverted much of the provincial government’s funding for it to their own purposes.

The Guptas’ Dubai laundromat milks the Free State

When Zwane’s successor as agriculture MEC, Mamiki Qabathe, answered questions about the project in the provincial legislature in November 2013, she said that by then a total of R114-million of the government’s money – tranches of R30-million and R84-million – had been transferred to Estina. Financial records in the #GuptaLeaks show that over a six-week period between August and September 2013, Estina had transferred $8,348,700 (R84-million at the time) to the Dubai bank account of a Gupta-controlled United Arab Emirates (UAE) shell company, Gateway Limited. That is, the entire R84-million second tranche transferred by the Free State government to Estina landed in a Gupta-controlled US dollar account at Standard Chartered Bank in Dubai.

In a clear sign that Dubai was little more than a laundry stop, a forensic examination shows that at least three quarters of that money was shortly bounced back to two Gupta companies in South Africa – including to pay for the wedding. It went like this: The wedding celebrations were held at Sun City over four days at the end of April and beginning of May 2013. Three months later, on 31 July, the Guptas’ Linkway Trading, based in South Africa, presented Accurate Investments Ltd, a second Gupta-controlled shell company in the UAE, with a four-page, itemized invoice for expenses for the V & A Function … at Sun City” (The bride and groom were Vega and Aakash.)

The items that Linkway invoiced Accurate for ranged from R13,086 for chocolate truffles to R2.3-million for scarves, R247,848 for fireworks and R13.9-million for “event services”. Including VAT, Linkway’s bill totaled a perfectly round R30,000,000. It was further noted that “this invoice is the equivalent of USD3 333 400″. As of the date of Linkway’s invoice, Accurate had a mere $15,811 in its account at Standard Chartered – a tiny fraction of the amount invoiced. But thanks to the Free State government and Estina, Accurate’s bank balance would soon drastically improve.

This is where the laundromat started spinning. If the details are confusing, it is because they were meant to be, but it went like this: – On 11 August, 2013, Estina transferred $1,999,975 of the Free State government’s cash to the Standard Chartered account of the Guptas’ Gateway Limited in Dubai

– On the same day Gateway transferred $1,600,000 of the Estina money to the Standard Chartered account of yet another Gupta UAE shell, Global Corporation LLC.

– The next day, August 12, Global transferred $1,590,000 – that is the full amount it received less $10,000 – in two tranches to another Standard Chartered account: that of Accurate, the company that Linkway had invoiced for the Sun City wedding.

– That same day, Gateway itself transferred the balance of the funds it had received from Estina plus another $25 to round it off – $400,000 – to Accurate’s Standard Chartered account.

– The end result of this financial three-card monte was that the Guptas’ Accurate now held $1,990,000 of the $1,999 975 of the Free State government’s cash, which had been transferred by Estina to Gateway the day before.

Accurate then immediately transferred $1,986,000 to Linkway’s account at State Bank of India in Johannesburg. The wire transfer confirmation notes an invoice number identical to the one contained in Linkway’s wedding expense invoice presented to Accurate. This August 12 payment of the Free State’s cash via Dubai, however, fell short of Linkway’s invoiced amount of $3,333,400 by $1,347,400.

Wash, rinse, repeat

And so, the Dubai laundry started spinning again:

– On 5 September, 2013, the next tranche of Free State funds arrived from Estina in Gateway’s Dubai account: $2,999,975.

– Four days later, on 9 September, Gateway transferred $1,400,000 of this cash to Accurate, which then immediately paid Linkway exactly $1,347,400the balance of the wedding expenses invoice.

The wedding bill, however, was not the end of the Guptas’ Free State gravy train. Weeks later, on 23 September, a further $3.1-million of the Free State’s cash was washed and delivered to the Guptas in South Africa via Dubai. This time, the cash flowed from Estina to Gateway to yet another Gupta UAE front, Fidelity Enterprises Limited, which then transferred $3.1-million to Oakbay Investments, the Gupta family holding company in South Africa. With so much of the Free State’s money ending up with the Guptas, it appears that very little ended up with actual suppliers to the project.

As we previously reported,$3,448,800 (about R34-million then) of the R84-million that was sucked from Estina to Dubai in August and September 2013 was justified by a Gateway invoice for a milk pasteurization plant to be supplied by Star Engineers, an engineering firm in the Guptas’ home town of Saharanpur, India. #GuptaLeaks financial records, however, show only a tiny fraction of that – $165,610 – transferred to Star Engineers during the course of 2013. Whether that was the full amount paid to Star remains unclear. Back-to-back transfers like those seen in the Guptas’ Dubai accounts were obvious red flags. Indeed, Standard Chartered confirmed this week that it closed the accounts in early 2014, shortly after these transfers.

A spokesperson for the bank said: “Standard Chartered takes its responsibility to combat financial crime very seriously and is fully committed to doing business in accordance with local and international regulatory and legal requirements.” By the time Estina was kicked off the project in 2014 following a national Treasury probe and amaBhungane’s exposure of dead cows being dumped in a ditch, the provincial government had paid Estina about R210-million in taxpayers’ money. Of that, it is now clear, the Guptas, and not the people of the Free State, were the major beneficiaries.

Zwane’s continuing committed public service

Amid the #GuptaLeaks revelations, Mineral Resources Minister Mosebenzi Zwane recently unveiled controversial changes to the Mining Charter. The proposed revisions seem to fit one particular family of Indian immigrants like a glove. Naturalized black people would now also be deemed to have been “previously disadvantaged ” by “apartheid, “-thereby radically transforming the Guptas into prospective ” BEE partners. “The Guptas started arriving in South Africa mere months before the 1994 elections. While Zwane appears to have repeatedly bent over backwards for the Guptas – even going as far as suggesting the #GuptaLeaks were driven by “anti-black racism targeting him “ – the leaked documents suggest that perhaps Zwane’s apparent blind loyalty to the Guptas is not entirely reciprocated.

Considering the colossal quantum of cash diverted from Zwane’s Vrede dairy project to the Guptas’ pockets, one would assume that Zwane was the Guptas’ guest of honour at the Sun City extravaganza. Rather, he appears to have been an afterthought. Possibly no other document in the #GuptaLeaks trove was circulated as widely and revised so often as the wedding’s guest list. Yet, on the near-final guest list, Zwane’s name – a seemingly late addition near the very bottom (at row 242 out of 254) appearing under the subheading “Extra Guests” – was misspelled as “Mosebebi”, an error which endured throughout the drafts.

Even the Guptas’ now-mortal enemy, Peter Bruce, the former editor of Business Day, snagged a higher spot (235) than Zwane on the guest list. While the fate of the mining charter revisions recently tabled by Zwane is uncertain, one thing is clear. With the next generation of Guptas now in their teens and 20s, weddings (and wedding expenses) will continue apace. For all his steadfast efforts to radically economically transform the Guptas, perhaps “Mosebebi” should at the very least demand pride of place at the next one. AND still SARS is hell-bent looking for new ways to plunder your assets. Still Zuma keep on assisting the Guptas to plunder the country’s economy-and still the black “ previous disadvantaged” keep on sapping the country’s resources, burn whole towns to ashes- and shout ” white’s have it all.” Even Julius Malema and his merry EFF gangsters  are on the payroll to spear the white land capture for the Guptas…believe it or not. 

SOURCE

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