Gupta allies approach the courts to buy a bank

According to EWN reporter Barry Bateman, there has been an urgent High Court application to get the South African Reserve Bank and the Registrar of Banks to sign off a deal to buy the Habib Overseas Bank by the Guptas allies Vardospan owners, Hamza Farooqui and Salim Essa.

He says the deadline for the deal is Friday 31 March.

Bateman says the Guptas have been relying on their overseas accounts to be able to facilitate business since their accounts were closed in 2015 in South Africa.

There are reports that the Guptas are about to loose their bank account in South Africa as Bank of Baroda is about to close its account.

To hear more of this report, listen below:


Recommended

by NEWSROOM AI
Read More
Standard Bank asks court to block Zuma and Cabinet from Gupta-banks saga

Standard Bank asks court to block Zuma and Cabinet from Gupta-banks saga

Standard Bank asked court to rule that entire executive not be permitted to intervene in its dispute with the Gupta companies.

Banks insist Oakbay’s call for Gordhan to intervene in its dispute is unlawful

Banks insist Oakbay’s call for Gordhan to intervene in its dispute is unlawful

The argument was made on day two of Gordhan’s court action against Gupta-owned companies.

"Jacob Zuma doesn't care about ANC and South Africa"

"Jacob Zuma doesn't care about ANC and South Africa"

Political analyst Prince Mashele says the ANC has to teach President Zuma a lesson if he reshuffles Cabinet to benefit himself.

Gordhan/Gupta legal battle could impact powers of Finance Minister

Gordhan/Gupta legal battle could impact powers of Finance Minister

Finance Minister wants the High Court to make a declaratory order that he cannot intervene in affairs of banks and Gupta family.

Guptas vs Gordhan – it’s open war!

Guptas vs Gordhan – it’s open war!

The Money Show’s Bruce Whitfield interviews Intellidex MD and Financial Analyst Stuart Theobald.

Gordhan says he is in fact still Finance Minister

Gordhan says he is in fact still Finance Minister

The minister observed court proceedings at the High court in Pretoria on Tuesday afternoon.

Popular articles
SA braces for horrific fuel price increases as oil hits 4-year high

SA braces for horrific fuel price increases as oil hits 4-year high

It's monstrous! The Money Show’s Bruce Whitfield interviews the Automobile Association of South Africa's Layton Beard.

Dros rape: 'He was sitting near the kid's play area...he had his eye on her'

Dros rape: 'He was sitting near the kid's play area...he had his eye on her'

The man allegedly attacked the six-year-old inside a toilet cubicle at a Dros franchise in Pretoria on Saturday.

New visa rules a relief for our economy and for jobs, says WC MEC

New visa rules a relief for our economy and for jobs, says WC MEC

The Western Cape government and SA Tourism have welcomed the amendments to South Africa's visa regulations.

'She says I'm just waiting for this c**lie to move so I can take the photo'

'She says I'm just waiting for this c**lie to move so I can take the photo'

A caller on the Eusebius McKaiser Show, Zeenat says she was called a derogatory word for Indian on Heritage Day.

'This leaked document is calling a spade a spade'

'This leaked document is calling a spade a spade'

Breakfast Show Host Bongani Bngwa shares his views on the leaked report from the Thabo Mbeki Foundation.