UK slaps sanctions on 22 ‘corrupt’ individuals in Russia, South Africa & Latin America
The UK has slapped sanctions on a number of individuals across Russia, South Africa, and Latin America in the first use of a new anti-corruption law.
Asset freezes and travel bans have been put on 22 people today in the first use of the new Magnitsky act.
Dominic Raab said:
“Corruption has a corrosive effect as it slows development, drains the wealth of poorer nations and keeps their people trapped in poverty. It poisons the well of democracy”
The South African Gupta family has also been targeted by the UK. The family is at the centre of a corruption scandal that helped bring down former president Jacob Zuma.
Brothers Ajay, Atul, and Rajesh Gupta are accused of using their relationship with Zuma to profit financially and influence appointments. The family and former PM have denied any wrongdoing.
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