Entries by Corruption Watch

EU golden visa programme a risky business

15 October 2018 in , /by

The EU’s various so-called golden visa programmes, offered by some 13 countries, is more than just a quick way to gain residency or citizenship – if you’re wealthy enough. It also poses a significant corruption and money-laundering risk, especially when due diligence is not done. Transparency International and Global Witness are calling on the EU to take action to set common standards and mechanisms for reducing the corruption risk posed by golden visa programmes.

VBS Bank scandal revealed in explosive report

11 October 2018 in , /by

The release yesterday of The Great Bank Heist, the forensic investigation report into the affairs of VBS Bank, has seen a wave of outrage surge around the nation, as details emerged of how R1.9-billion was looted. VBS started off in 1982 as a small specialist corporate finance and retail bank, and today is at the centre of a vast thieving syndicate.

Damning new evidence of failure by arms commission

11 October 2018 in , , , , /by

This week Corruption Watch and the Right2Know Campaign submitted damning new evidence to the High Court that the Arms Deal Commission failed to do its job. This is an important step in the civil society group’s ongoing challenge against the commission’s findings. The new evidence shows that the commission not only failed in its investigation – but it misled the public.

Nene resigns, Tito Mboweni is new finance minister

9 October 2018 in , /by

The resignation of former finance minister Nhlanhla Nene has been accepted by President Cyril Ramaphosa. Former Reserve Bank governer Tito Mboweni was sworn in on 9 October as South Africa’s third finance minister in eight months. Nene had admitted, after first denying it, that he had met with the Gupta brothers several times – the Guptas are deeply implicated in the on-going state capture saga and their dealings are under scrutiny at the Zondo Commission for state capture.

Zondo Commission – week 7 overview

5 October 2018 in , /by

Finance minister Nhlanhla Nene, giving testimony this week before the Zondo Commission, said that when former president Jacob Zuma told him in 2015 he was to be moved to a senior position at the new BRICS development bank, he knew immediately the deployment was a fabrication.

SA court syndicate said to help rhino poachers escape justice

5 October 2018 in , /by

A recent BBC investigation uncovered signs that KZN judicial officers are involved in helping rhino poachers get away with murder. “If elements of South Africa’s justice system prove to be corrupt it not only threatens rhinos and allows poachers to act with impunity, but it compromises the police and the justice system in other cases as well,” wrote Alastair Leithead in his exposé.