Day: October 19, 2020

Banks facilitated South Africa corruption under Zuma

Several international banks enabled corruption in South Africa under former President Jacob Zuma, British lawmaker Peter Hain has said.

At an inquiry hearing, he said HSBC, Standard Chartered and India’s Bank of Baroda were “directly culpable”.

The inquiry is investigating claims of graft against Mr Zuma and the Gupta family. They deny any wrongdoing.

HSBC said it supported the inquiry while Standard Chartered said there was no evidence linking it to the Guptas.

No-one from the Bank of Baroda was immediately available for comment.

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