Gupta-owned companies had very little prospect of success in December, when they try to interdict the Bank of Baroda from closing their accounts because of the ramifications it would have on the institution, Judge Hans Fabricius said in the High Court in Pretoria. Fabricius dismissed an application on Thursday by about 20 Gupta-owned firms that wanted what they called an “interim-interim interdict” to stop the bank from closing the accounts at the end of September. The Guptas would still be able to pay staff once Bank of Baroda closed its accounts. “The respondent has never paid any of the applicants’ employees directly and will never be in a position to do so. The applicants themselves acknowledged that these expenses were paid for by a third party‚ Terbium Financial Services‚ a so-called ‘pay agent’‚” Fabricius said. The Gupta companies, however, will still have a shot at trying to stop the Bank of Baroda in the main application for an interim interdict on December7. “I am of the ...
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