Appel and Erin Show: Estina laundromat - where were the banks?

In the latest episode of the Appel and Erin Show, the infamous Gupta-linked and corruption-riddled Estina dairy project in the sleepy town of Vrede is in focus. BizNews deputy editor Michael Appel and Advocate Erin Richards discuss how R280m in taxpayer money, paid to the Gupta entity in eight tranches, made its way through our financial system. According to the State Capture Inquiry, some 82% of the funds paid to Estina by the Free State Agriculture Department was laundered into Gupta shell companies. The funds were paid to Estina's FNB and Standard Bank accounts by the Free State government between 2012 and 2016. Learn more about your ad choices. Visit megaphone.fm/adchoices