The Directorate for Priority Crime Investigation, also known as the Hawks, raided the Bank of Baroda’s offices in SA as part of its investigations into state capture involving the controversial Gupta family. Hawks spokesman Hangwani Mulaudzi confirmed that the raid on the bank’s Johannesburg and Durban offices on Friday were part of an investigation into alleged money laundering by the family in relation to state-owned entities. In February, Baroda announced that it planned to close its operations in SA, after instructions from its headquarters in India. At the time it was the only bank left in SA that was providing services to the Gupta-linked companies. The decision to move out of SA came after Nedbank terminated its relationship as a clearing bank with Baroda. This meant it was impossible for Baroda to provide transactional banking facilities to its customers. A number of Gupta-linked companies approached the High Court in Pretoria in a bid to force the bank to keep its operation...
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