U.K. Bank May Be ‘Criminally Complicit’ in Gupta Transfers

A senior British lawmaker called on the authorities to investigate an unidentified U.K. bank for “possible criminal complicity,” after allegedly overruling internal concerns about suspicious transactions related to South Africa’s Gupta family.

British law enforcement agencies should probe the bank for an “iniquitous breach of legal banking practice” and an “incitement to money-laundering” of funds obtained through corruption in South Africa, Peter Hain told the House of Lords Wednesday.

Hain said he handed printouts of the transactions to the Chancellor a day earlier. While he named the bank to the Chancellor, he didn’t identify the bank in his remarks.

“Undoubtedly hard questions will need to be asked of the facilitating banks, because they have aided and abetted the Gupta money laundering activities,” Hain said. “Can the Chancellor please ensure that such evident money laundering and illegality is not tolerated and that the bank is investigated for a possible criminal complicity over this matter? Urgent action is needed to close down this network of corruption.”

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