Jail corrupt bank officials: Corruption Watch

File: Corruption Watch has called for jail time for corrupt bank officials. Photo: eNCA\Sthembiso Zulu

JOHANNESBURG - Corruption Watch wants jail time for bank officials who break the law.

The organisation's director, David Lewis was speaking on eNCA's Moneyline.

READ: Competition Commission has strong case against 18 banks

He said over twenty banks sent or received money to Gupta-linked companies.

" I worked for a long time in the competition authorities... But ultimately it seems to be written off as the cost of doing business. Banks have been collectively fined $200-billion over the last few years and yet they carry on doing and it's the cost of doing the business. So really the only deterrent is the jail time. And I think there is very big public demand for that to happen" said Lewis.


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