SouthAfrica: “This is quite scary; claims that the ‘Gold Mafia’ bribed high-ranking bankers. President Ramaphosa must be sweating over fears of another greylisting,” says economist Carter Mavhiza. Report by RMwareya
File photo of South African President Cyril Ramaphosa. REUTERS/Sumaya Hisham
South Africa is set to probe allegations that the infamous ‘Gold Mafia’ in Al Jazeera’s documentary used domestic banks to launder money, but observers believe the country’s woefully inept prosecutors won’t get the job done. “It’s laughable to think South Africa’s Hawks can prosecute sophisticated money launderers that have tentacles stretching from Johannesburg to Mauritius to Switzerland to Dubai,” analyst Yasin Kakande, who has lived in the United Arab Emirates and has had brushes with its courts, tellsSouth African President Cyril Ramaphosa allayed concerns this week when he told parliament that authorities are launching an investigation into claims thatin order to turn a blind eye as they exported illicit...
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