New report reveals how company passed R600m to Gupta fronts.

The Gupta family and its various sub companies are now well known for their role in state capture at SA's state-owned enterprises.

While the Hawks may be finalising an extradition deal with the UAE to bring the Guptas before South African courts, South Africans have just got another reminder of why. With Transnet and other state-owned enterprises in a disastrous state, a new report shows how the Gupta fronts managed to secure R600m.

Gupta fronts: Rolling in the dough.

Investigative journalism group amaBhungane have revealed their latest investigation looking into the smoky world of Gupta number one henchmen Salim Essa and the front companies that managed to extract funds out of state entities.

In the new report, records show that Regiments Capital passed “more than half’ of its consulting fees from Transnet, SAA and Denel contracts to Essa and Gupta fronts.

By Nic Anderson.

Full story at The South African.