“Who makes money legally in South Africa”, Mzansi reacts to billionaire Vivian Reddy dining with the Gold Mafia and Gupta’s
The Gold Mafia final episode was released on the 14th of April, and South African billionaire Vivian Reddy and his wife Sorisha were spotted dining with the controversial money and gold launderers. Vivian Reddy and his wife were invited to one of Gupta’s daughter’s wedding, and they were seen chilling with the Gold Mafia.
Here is all you need to know about the famous Gold Mafia and how they smuggle gold from Zimbabwe
Al Jazeera’s Investigative Unit conducted a four-part investigation that uncovered a network of gold smuggling gangs operating in Southern Africa. These gangs assist criminals in laundering hundreds of millions of dollars, enriching themselves while exploiting their countries.
The investigation, known as the Gold Mafia, demonstrates how gold is an effective means for those with large amounts of unaccounted wealth to convert their dirty cash into clean, seemingly legitimate money. This is accomplished through a sophisticated network of companies, fake identities and fraudulent documents.
The investigation also revealed the involvement of high-ranking officials from Zimbabwe in smuggling and money laundering activities. These activities help the country circumvent the severe impact of Western sanctions. The investigation also highlights the global nature of these crimes. Gold smuggled from one country can end up as cash deposited in offshore accounts of shell companies halfway around the world.
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Mzansi reacts to Vivian Reddy dining with the Gold Mafia and Guptas
After the final episode of Gold Mafia was released, Vivian Reddy was topping the trends on Twitter. Mzansi were not happy as many wealthy personalities in South Africa were making a living out of illegal deals. Here are some of the comments from Twitter.
A look at Vivian Reddy’s 2023 net worth
He is arguably the wealthiest business mogul in Durban. As of 2023, he has an estimated net worth of R1.9 billion. However, several sources have it that he is two times richer than his declared net worth, as he also runs several business investments which are not registered in his name.