Gordhan to respond to Guptas in bank row

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Gordhan to respond to Guptas in bank row

Graeme Hosken | 2017-01-27 08:14:12.0

Finance Minister Pravin Gordhan. Photo file.

Image by: Siphiwe Sibeko/Reuters

Finance Minister Pravin Gordhan is to file papers in the High Court in Pretoria on Friday in his on-going battle with the controversial Gupta family.

The filing follows the Guptas responding last week to an earlier court application by Gordhan in 2016.

Last year‚ the minister asked the courts to order that he can’t intervene in spat between South Africa’s banks and the Guptas.

The fight began when the banks closed the Guptas’ Oakbay business accounts.

Gordhan’s papers contained explosive details about “suspicious” bank transactions by Gupta-owned companies totalling almost R6.8-billion‚ which may have contributed to four banks closing accounts belonging to the Guptas.

Oakbay described his application as a “retaliation against the Gupta family”.

– TMG Digital/TimesLIVE



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