"Companies with a South African link, The Gupta brothers received 49 billion rands from parastatal companies in an illegitimate manner, according to a witnesses."
Via their suspected links to former South African president Jacob Zuma, Ajay, Atul, and Rajesh Gupta have been accused of syphoning billions of rands from state-owned corporations.
The family, which is from Uttar Pradesh's Saharanpur and owns a slew of South African businesses, has refuted the allegations and challenged anyone to back them up with evidence.
Hundreds of financial transactions and bank statements were analysed, according to Paul Edward Holden, a researcher with London-based Shadow World Investigations. Detailed conclusions about the sources of funds and the companies used in money laundering that are mentioned in the study.
According to the study, Combined Private Investigations (CPI) made monthly payments to a Gupta Enterprise front company ranging from 500,000 rands to over a billion rands between January 2013 and January 2016.
The Gupta family is currently living in self-exile in Dubai, with the South African government attempting to extradite them via the United Nations (UN), despite the fact that there is no extradition treaty between South Africa and Dubai. They've refuted a slew of charges levelled at them by multiple witnesses at the hearing.