Lawyers for the Gupta family have confirmed that they wrote to Finance Minister Pravin Gordhan asking him to withdraw his application in which he was asking a court to rule that he cannot force the big banks to reopen the Gupta's bank accounts.
This follows a court application by Minister Pravin Gordhan petitioning the court to make a ruling that will exempt him from getting involved in a battle between the Guptas and SA banks.
Gert van der Merwe, Gupta family lawyer, says he wrote to Gordhan's lawyers, asking them to withdraw the application because the Minister is under no obligation to assist them in their battle with the banks.
Secondly, he says it would be a waste of tax payers money to go on with a court case because Gordhan's allegations that the Gupta's are involved in suspicious dealings have been made public and they will have to provide answers to those allegations.
We will have to file an affidavit to deal with this but not at the expense of tax payers.— Gert van der Merwe, Gupta Family Legal Representative
Court documents filed by Finance Minister Pravin Gordhan revealed that the Financial Intelligence Centre (FIC) flagged a history of "suspicious" transactions made by the Gupta family and companies owned by them which amount to R6.8 billion.
Van der Merwe says they are in process of proving that each and every payment was for legitimate business purposes and not for unlawful dealings.
He says some payments are bit difficult to locate because some of the transactions are a bit vague.
Listen to van der Merwe explain why they want Minister Gordhan to withdraw his application: