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ANC chief whip Mdumiseni Ntuli laid criminal charges against Mark Burke and Kastelo over alleged exchange control violations.
DA federal finance chair Mark Burke has a company in Estonia, connected to Kastelo, for which annual financial reports are publicly available.
DA federal finance chair Mark Burke recused himself from Parliament’s finance cluster following allegations that a company he founded violated Reserve Bank exchange controls.
DA federal finance chairperson Mark Burke said that he is not operationally involved at Kastelo and that there had been no finding of wrongdoing against him or the company.
Kastelo, a fintech and cryptocurrency arbitrage trading provider, faces a Reserve Bank investigation over R4 billion in transactions which may have contravened South African exchange controls.