Standard Bank denies it has opened account linked to Gupta business rescue
Confusion reigns as business rescue practitioner Louis Klopper earlier confirmed this, while Standard Bank is adamant it has not done so
Standard Bank has denied that it has opened a bank account associated with the Gupta family. It was reported earlier on Tuesday that the top-4 bank had agreed to open bank accounts for business rescue practitioners controlling seven Gupta companies. However, Standard Banks spokesperson Ross Lindstrom has said the bank terminated all dealings with the Gupta family and all entities controlled by it with effect from June 2016, and that that decision still stood. Earlier, business rescue practitioner Louis Klopper confirmed that Standard Bank had agreed to open a new account‚ with strict conditions limiting access only to Klopper and his partner practitioner‚ Kurt Knoop. Klopper said this had been a crucial stumbling block to getting the Gupta companies‚ particularly the four mines owned by the family‚ back up and running. However, in an e-mail to Business Day, Linstrom said on behalf of the bank: "Standard Bank of SA has not opened and will not open accounts with these companies. Any i...
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