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Gupta-linked company milked Estina Dairy Farm offshore money

The Commission of Inquiry into State Capture has heard how more than R260 million of the R280 million paid by the Free State government to Estina, and transferred to a Gupta-linked company, was used to settle Estina’s VAT costs at Sars.

Paul Holden, a researcher from Shadow World Investigation based in London is testifying about offshore money flow related to the Free State Estina Dairy Farm project at the commission in Johannesburg.

State Capture Inquiry | Estina Dairy Farm offshore money flows related evidence:

The Free State government project was intended to uplift black emerging farmers in the province.

Holden says only a little over R21 million went into running the dairy project.

“Of the total amount paid by the Free State government, a total of R263 million was paid accumulatively to Gateway Limited, Vargafield and Sars for VAT payments connected to Estina. Of the funds deposited by the Free State government, we can trace a mere R21 million that was transferred to accounts. These appears to be a mixture of payments for costs of running a dairy enterprise.”

The post Gupta-linked company milked Estina Dairy Farm offshore money appeared first on SABC News – Breaking news, special reports, world, business, sport coverage of all South African current events. Africa’s news leader..

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