He asked the chancellor to look into whether UK financial institutions may have been exposed to illicit funds owing to their significant presence in those financial centres. Show Hide Ajay, Atul and Rajesh Gupta are Indian-born entrepreneurs at the centre of a corruption investigation in South Africa. The brothers, who moved to South Africa in 1993, have denied a string of allegations about alleged corruption. The South African bosses of accounting firm KPMG, which audited Gupta family businesses, also quit amid fallout from the affair. “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.

Source: The Guardian October 18, 2017 18:54 UTC