The Gupta leaks go global
MLex Market Insight
MLex Market Insight
4.9 • 9 Ratings
🗓️ 6 November 2017
⏱️ 10 minutes
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| 0:00.0 | Hi, and welcome to another Emlex podcast. I'm Anorega, managing editor for Emlex's London Bureau. |
| 0:09.7 | Today we'll be looking at a corruption scandal that started in South Africa, but is now |
| 0:13.3 | piquing the interest of regulators worldwide. The starting point? A massive data leak, hundreds of |
| 0:18.7 | gigabytes of information that exposed the way |
| 0:20.8 | an influential South African family, the Guptas, conducted business. |
| 0:24.8 | In South Africa, the prime focus has been on the Gaptus undue influence on national politics. |
| 0:29.6 | But at Emelix, we've been looking more closely at the ramifications for international corporations in the country, |
| 0:33.9 | and more recently abroad too. |
| 0:35.9 | With me, Ben Lucas, Emlex's bribery and corruption correspondent in London. |
| 0:39.5 | Hi, Ben. Thanks for joining me. |
| 0:41.0 | Hi, Anna. |
| 0:41.8 | Ben, you've been following this story quite closely. |
| 0:44.5 | Just taking a step back, can you sum up how it started? |
| 0:48.2 | So, yeah, as you said, there was this data leak that has now been coined the Gupta leaks and this is about the Gupta family in |
| 0:58.0 | particular their three brothers AJ Attle and Rajesh Gupta originally from India but arrived in |
| 1:05.4 | South Africa in the early 1990s and have since established a significant business empire there. And what the leaks show |
| 1:14.2 | is how the Guptas have allegedly used their extensive business network to wield undue influence |
| 1:22.4 | over the South African government and state-owned enterprises in the country there. |
| 1:28.2 | So it seems that this is a political scandal that has embarrassed the political elite of South |
| 1:33.5 | Africa, but as the hundreds of emails have been unveiling names of international companies |
| 1:38.7 | as well, we have McKinsey, SAP Software, Lieber, just to name a few. |
| 1:49.0 | In what way have these companies become involved with the Guptas and what are they suspected of doing? |
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