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South Africa: Lord Hain Pushes for Probe Into Bank of Baroda Links to Looted Gupta Funds
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 »
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South Africa: Reserve Bank On Withdrawal of Bank of Baroda From South Africa
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 »
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.
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.
