Latest News

Gupta-linked Homix Had 2 years To Claim – Sarb Official

mazibuko sarb homix - Gupta-linked Homix Had 2 years To Claim – Sarb Official

A South African Reserve Bank (Sarb) official said Gupta-linked company Homix had two years to reclaim their forfeited money from the state, but they never did.

Elijah Mazibuko told the Zondo commission of inquiry on Friday that this usually meant that the implicated were involved in some criminal activity.

Homix is a company that earned millions in tenders from Transnet.

Mazibuko said Sarb flagged the company’s bank accounts after it did cross country transactions worth over R51 million in 2015.

He said Homix directors had, to this day never, questioned Sarb seizing their millions.

“…I think when these accounts started coming in, they realised something was wrong. But some them had passed through already, that is why the R51 million passed through but were able to block a smaller amount which was R14.4 million.”

The post Gupta-linked Homix Had 2 years To Claim – Sarb Official appeared first on iAfrica.com.

Leave a Reply

Your email address will not be published. Required fields are marked *