South Africa's Gupta Focus Shifts to Baroda Bank
The official opposition party, the Democratic Alliance, will lay criminal charges of money laundering and corruption against the Bank of Baroda, India's largest bank, following allegations that they deliberately laundered money on behalf of the Gupta family. The Guptas are implicated in the State of Capture Report released by former public protector Thuli Madonsela, in which it was alleged that they had an influence on key Cabinet appointments made by former president Jacob Zuma, a close family friend.
Daily Maverick, 28 February 2018
Lord Peter Hain has called for a multi-pronged investigation into the London-based Bank of Baroda by UK authorities - and has promised to "press the government on this matter". He… Read more »
Govt of SA, 12 February 2018
The Bank of Baroda has notified the Office of the Registrar of Banks of its exit from South Africa. The Registrar, which is part of the South African Reserve Bank (SARB), is in… Read more »
Top: Title image of former public protector Thuli Madonsela's "State of Capture" report. Bottom-left: Atul Gupta and President Jacob Zuma. Bottom-right: Former public protector Thuli Madonsela.
DA, 1 March 2018
The DA will lay criminal charges of money laundering and corruption against the Bank of Baroda, following allegations that the bank deliberately laundered money on behalf of the… Read more »
South Africa: Scorpio - Gupta Inc - It's Game On As Fightback Begins
Daily Maverick, 20 February 2018
The Gupta empire has launched an audacious fightback against the National Prosecuting Authority - this as big brother Ajay finds himself confined to life in the shadows as an… Read more »