Finance Minister Pravin Gordhan has lifted the lid of how R6.8-billion worth of suspicious transactions by the Gupta family, their companies and associates led to South Africa’s top-four banks closing their accounts and refusing to do business with them. This and other stories form part of a hard-hitting expose on state capture, which will be published in the print edition of the Sunday Times on Sunday. The banks flagged the transactions as possible money laundering. Now, Gordhan has approached the courts with this information and argues this is the reason why he could not intervene when the Gupta family asked him to do so in the banks matter. Read: Pravin Gordhan's full affidavit submitted to Pretoria High Court Gordhan wants the courts to declare that the cabinet has no legal power to intervene in the Gupta family’s impasse with the banks. In April, the Gupta family wrote to Gordhan and two other cabinet ministers asking them to intervene in the family’s dispute with the banks...
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