Gupta companies win some, lose some in Gordhan case
The FIC certificate detailing ‘suspicious’ transactions has been struck out, but two last-ditch applications — from Zuma and Gupta firm Sahara — have failed
Oakbay Investments on Tuesday withdrew its case against the Financial Intelligence Centre (FIC) after the High Court in Pretoria accepted its striking-out application. Oakbay wanted the court to strike out the FIC certificate, detailing 72 “suspicious” transactions, which formed part of Finance Minister Pravin Gordhan’s founding affidavit. Jeremy Gauntlett for Gordhan had argued that the FIC certificate showed the dimensions of the seriousness of the matter. The full bench also accepted Oakbay’s decision to withdraw its allegation that Gordhan colluded with the banks. “In our view there is merit to the striking-out application and this application by the Oakbay group is granted,” Gauteng Judge President Dunstan Mlambo said. The court also accepted Gordhan’s striking out application against the allegation that he had a political motive for bringing the matter to court. In the matter concerning President Jacob Zuma applying to be added as an “interested party”, Mlambo confirmed that t...
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