Federal Bureau of Investigation launches probe into the Guptas

Lord Hain who campaigned against apartheid told peers that he was horrified at how South Africa’s leadership was “betraying” the values for which he and his parents had fought

Lord Hain who campaigned against apartheid told peers that he was horrified at how South Africa’s leadership was “betraying” the values for which he and his parents had fought

"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 spokeswoman said.

The Guptas and Zuma deny wrongdoing.

The Guptas have not been charged with any crime in South Africa, but the issue of their alleged activities is one of many that has dogged the Zuma presidency.

It's being reported that the FBI is investigating cash flows between South African Gupta-owned companies, Dubai and a company owned by Ashish and Amol in the United States.

In reply to Hain, Hammond said the UK takes claims of corruption "extremely seriously" and had asked officials to discuss the matter with the UK High Commission in South Africa.

South African platinum producer Royal Bafokeng Platinum said on Thursday it was dropping the services of contractor JIC Mining Services, majority by Oakbay Investments, the main company operated by the Gupta family.

The three Indian-born Gupta brothers are at the heart of South Africa's biggest post-apartheid outcries over their alleged use of a friendship with Mr Zuma to control state businesses.

It is believed the American investigation is considering information revealed in the so-called Gupta leaks earlier this year.

Alphabet's Sidewalk Labs to build 'internet city' on Toronto waterfront
Over the next year, community and stakeholder events will be held throughout the city to receive public input on Sidewalk Toronto. Mayor John Tory said the project will also allow companies to address problems such as housing affordability and mobility issues.

In what could be the biggest development so far regarding the Gupta email leaks, America's Federal Bureau of Investigation (FBI) is said to have launched a probe into the immigrant Indian family by focusing on two nephews who are U.S. citizens.

Standard Chartered says it takes combating financial crime "very seriously".

A spokeswoman for the FCA said it was already in contact with the banks named by Lord Hain and would "consider carefully further responses received".

HSBC declined to comment.

Lord Peter Hain, whose letter to the Chancellor brought the incident to light, is expected to raise the matter in the House of Lords today.

The Chancellor says the government recognizes that "tackling corruption requires collective worldwide action".

He said he was not accusing British banks of complicity in money-laundering but wanted them to help recoup any funds that have left the country by illicit means.

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