Gupta’s loose High court bank application

Die Vryburger

Gupta’s loose High court bank application
Gupta's loose High court bank application. Photo: Die Vryburger

The High Court in Pretoria has rejected an application from 20 Gupta controlled companies.

The application was made to oblige the Bank of Baroda to keep its doors open for business. The bank announced last month that it has stopped all operations and left the South African market.

Nedbank informed Baroda in January that they would break their ties with the bank within three months. Baroda used Nedbank to allow transactions and to service customers.

The question is if there are another 20 companies operating under the Gupta business banner, why are no assets being held for those involved in shady transactions?

Read the original article in Afrikaans on Die Vryburger

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