Fana Hlongwane sues Absa for closing his accounts

Former arms deal consultant and businessman Fana Hlongwane wants Absa bank to pay him R7 million for closing his accounts after deciding that he was 'a politically exposed person' in 2013.

Hlongwane says Absa violated his constitutional rights.

Absa's decision was implemented following the tighter banking regulations in the Financial Intelligence Centre Amendment Bill - a bill which has not yet been signed by President Jacob Zuma.

Business Day deputy editor, Carol Paton, says there seems to be a relationship between the controversial Gupta family and Hlongwane.

It does seem he wants to make a point and either force Absa to say why they closed his accounts.

Carol Paton, Business Day deputy editor

Or he wants to what know information exactly Absa has on him.

Carol Paton, Business Day deputy editor

Listen to the full interview below for more information...


This article first appeared on 702 : Fana Hlongwane sues Absa for closing his accounts


Read More
Arms deal cover up an early example of state capture - corruption expert

Arms deal cover up an early example of state capture - corruption expert

Hennie van Vuuren says Seriti Commission missed massive opportunity to investigate truth and supports call to set aside findings.

The Arms Deal: where politics and big money collaborate harmoniously

The Arms Deal: where politics and big money collaborate harmoniously

Feinstein's book on the arms deal, now turned into a film called Shadow World, details the dirty deals of the trade.

Callers say the Seriti Commission was a waste of time and money

Callers say the Seriti Commission was a waste of time and money

The findings of the Seriti Commission, which stated that no corruption activity took place, has sparked a national debate.

Arms deal critic Gavin Woods says he saw suspected whitewash coming

Arms deal critic Gavin Woods says he saw suspected whitewash coming

Prof Gavin woods says the integrity of the four year Seriti Commission was already under question when investigators withdrew.

Arms deal critic Van Vuuren says Seriti report 'is certainly a whitewash'

Arms deal critic Van Vuuren says Seriti report 'is certainly a whitewash'

Expert weighs in on President Zuma's public presentation of Seriti Commission of Inquiry report on the arms deal

Seriti Commission on arms deal - R113 million later - finds no wrongdoing

Seriti Commission on arms deal - R113 million later - finds no wrongdoing

Terry Crawford-Browne approached the ConCourt to force Govt to appoint an independent commission of inquiry into the arms deal.

Seriti Commission report: 'Utter waste of tax payers money' says de Lille

Seriti Commission report: 'Utter waste of tax payers money' says de Lille

Mayor de Lille voices her opinions on the release of Seriti commission report on possible bribery & corruption in arms deal.

Arms deal report exonerates government, announces Zuma

Arms deal report exonerates government, announces Zuma

The so-called fact-finding mission found that there was absolutely no foul play in the R70 billion arms procurement deal.

R130 million arms deal: Man arrested but not prosecuted

R130 million arms deal: Man arrested but not prosecuted

Stephen Grootes speaks to EWN senior reporter, Barry Bateman about a mysterious R130 million arms deal

Popular articles
[LISTEN] 'We are dealing with an outbreak of Listeriosis' - Dr Thomas

[LISTEN] 'We are dealing with an outbreak of Listeriosis' - Dr Thomas

Head of the Centre for Enteric Diseases at the NICD Dr Thomas says that Listeriosis is problematic because it isn’t notifiable.

Publisher saves South African students billions with free textbooks

Publisher saves South African students billions with free textbooks

This year we're going to hit a million downloads of free textbooks in SA - James van der Westhuizen, country manager for Bookboon.

Steinhoff money woes and why you should care

Steinhoff money woes and why you should care

The company lost around R100 billion leaving the JSE reeling in one of the biggest private sector business scandals.

Few retirement funds unaffected by Steinhoff implosion (i.e. you just got had)

Few retirement funds unaffected by Steinhoff implosion (i.e. you just got had)

Your money, and Steinhoff… Bruce Whitfield interviews Certified Financial Planner Peter Calitz.

‘There were clear warning signs at Steinhoff. All of which fund managers missed’

‘There were clear warning signs at Steinhoff. All of which fund managers missed’

The Money Show’s Bruce Whitfield interviews Sygnia Group CEO Magda Wierzycka.

Zille: 40 000 affordable housing units in the pipeline for WC

Zille: 40 000 affordable housing units in the pipeline for WC

Western Cape Premier Helen Zille says the government plays a crucial role in the provision of affordable housing in the province.

How businessman Max Lichaba struck gold with his jewellery company

How businessman Max Lichaba struck gold with his jewellery company

Entrepreneur Max Lichaba built his own empire and is the CEO of Lichaba Creations and several other businesses. This is his story.