News
International banks linked to apartheid arms deal
In new evidence submitted to the National Prosecuting Authority, local research organisation,
Open Secrets, has called for the prosecution of two European banks, namely the KBC Group and Kredietbank Luxembourg.
Open Secrets alleges that the banks, were responsible for channeling about R350 billion as part of a global money laundering scheme.
The organisation says that the scheme was key, in providing arms to the apartheid government.
This, despite United Nations weapon sanctions against South Africa at the time.
To discuss this further, we spoke to Yasmin Sooka, a former commissioner at the Truth and Reconciliation Commission.