Treasury refers United Kingdom banks to regulators over alleged South Africa scandal links

South African President Jacob Zuma arrives to give his State Of The Nation address at the opening session of parliament in Cape Town

The Guptas and their companies have not been charged with any crime in South Africa, but allegations by government and opposition politicians that they used a friendship with President Jacob Zuma to control state businesses are among many scandals that have dogged Zuma's presidency.

Standard Chartered closed some bank accounts linked to the Gupta family in South Africa in 2014, a spokeswoman for the bank said on Thursday.

On 25 September Hain wrote to Hammond as well as European Commission President, Jean-Claude Juncker, detailing corruption in South Africa "on an industrial scale" and highlighting that these alleged crimes have been enabled by transnational money laundering and criminal networks that.

"The UK government takes allegations of corruption and money laundering extremely seriously and is committed to preventing the proceeds of corruption from entering the UK financial system", he said.

"The Guptas sought to employ their nephews in South Africa in 2013, the emails show".

The FBI investigation reportedly will focus on the nephews of Atul and Ajay Gupta - Ashish and Amol Gupta, who are American citizens.

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Brookfield allegedly received payments to a USA bank account from Accurate Investments, a United Arab Emirates company tied to the Gupta family, in 2014, according to documentation seen by the Financial Times. However, he suggests that transactions and evidence from whistleblowers are reviewed in light of allegations that hundreds of millions of South African rand were laundered out of the country.

A spokesperson for the FCA told the newspaper that it was "already in contact with both banks named and will consider carefully further responses received".

HSBC declined to comment.

"We take allegations of financial misconduct very seriously, and have passed Lord Hain's letter on to the Financial Conduct Authority and relevant United Kingdom law enforcement agencies, including the National Crime Agency and Serious Fraud Office, to agree the right action", a Treasury spokesman stated.

There has been no comment from Gupta spokesman, Gary Naidoo.

Lord Hain, a former Northern Ireland secretary, alleged in his letter to the chancellor that the issue was "a result of the corruption and cronyism presided over by President Zuma and close allies the Guptas".

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