DA lays charges of money laundering against Bank of Baroda
The DA has laid charges of money laundering and corruption against the Bank of Baroda, which has been providing banking services to the controversial Gupta family. The bank is in a legal battle with a number of Gupta-owned entities after it announced its decision to close their bank accounts and then later on decided to close Baroda’s entire operation in SA. The Gupta entities have approached the High Court in Pretoria in a bid to stop the closure of Baroda’s South African branch. Judgment in the matter is expected to be handed down on Monday. DA MP Natasha Mazzone said on Thursday the party had laid the criminal charges against the bank in terms of sections 29 and 52 of the Financial Intelligence Centre Act. She said this followed a report by the Crime and Corruption Project, which found that the bank’s South African branch knowingly laundered money on behalf of the Gupta family. The project, founded in 2006, is a consortium of investigative centres, media and journalists operating...
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