Bank of Baroda

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Background

Local

Judgment expected in Gupta court bid to halt bank account closure

The Pretoria High Court will on Thursday hand down judgment in an urgent application for an interdict brought by 20 Gupta family companies to halt the closure of their last remaining bank accounts in South Africa. The application is for interim relief to stop the Bank of Baroda from closing the family’s business and loan accounts at the end of September. The family wants the court to grant an interdict […]

today21 September 2017

Local

Where is Gupta R1.5bn stash?

An affidavit by Finance Minister Pravin Gordhan appears to reveal that the Department of Mineral Resources withheld information related to its approval of the transfer of R1.5-billion from a trust account intended for the rehabilitation of the Gupta-owned Optimum Coal Mine to India’s Bank of Baroda. Mineral Resources spokesman Ayanda Shezi, in response to two media inquiries, denied in July that the department had approved the transfer of money from […]

today17 October 2016

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