How the Guptas laundered their money - amaBhungane

amaBhungane - Scorpio | 21 January 2018

International network of scrap metal dealers used to launder hundreds of millions in kickbacks between China, India, UAE and SA

It must have been good news for Piyoosh Goyal when the State Bank of India approved his Rs750-million (R120-million then) loan.

So good that he then sent his agent to a senior banker’s Mumbai home on a Sunday with two expensive watches and a fistful of cash. At least, this is what the Mumbai branch of the Central Bureau of Investigation (CBI) later claimed.

Their anti-corruption investigators had lain in wait, that November 2013, and they arrested Goyal’s alleged agent when he emerged from the banker’s home.

READ FULL STORY: http://amabhungane.co.za/article/2018-01-18-guptaleaks-meet-the-money-la...