Lord Peter Hain asks Britain to impose sanctions on Ajay, Atul, Rajesh Gupta
Anti-apartheid activist asks Britain to impose sanctions on Ajay, Atul and Rajesh Gupta for taking around R7 billion in taxpayers’ funds.
Anti-apartheid activist asks Britain to impose sanctions on Ajay, Atul and Rajesh Gupta for taking around R7 billion in taxpayers’ funds.
The Guptas peddled $4.5bn between 2007-2017 and this amount “was so large that it dominated the transactions of the entire Bank of Baroda branch in Johannesburg”.
Renowned anti-Apartheid activist, Lord Peter Hain, drove a very deep nail into the Zupta coffin in the UK’s House of Lords in November.
After Bank of Baroda started closing the Guptas’ bank accounts, OUTA has now won an urgent court interdict to halt them from pilfering mine rehab accounts.
Companies controlled by the Guptas lost a court bid to prevent Bank of Baroda from shutting their accounts, which would leave the politically connected family without banking services in South Africa from the end of this month.
There’s an even greater threat for Gupta allies brewing in China whose President Xi has made eliminating corruption his top priority.
Bank of Baroda’s South African unit has started closing accounts of companies controlled by the Gupta family, potentially leaving the friends of President Jacob Zuma without banking facilities in the country.
The Gupta family is under investigation by South Africa’s Financial Intelligence Centre for more than 70 banking transactions involving almost R7bn.
Crocodile tears are flowing over Oakbay CEO Nazeem Howa’s insistence a conspiracy among SA’s Big Four banks threatens to kill the Gupta companies.