It’s a multi-jurisdictional restructuring… It’s commercially not viable to continue doing business here…— Lourens van Staden, Bank of Baroda legal representative
The Bank of Baroda is exiting South Africa.
The bank – India’s second largest – made headlines in the last year for being the last financial institution to still do business with the Guptas.
The Money Show’s Bruce Whitfield interviewed Bank of Baroda legal representative Lourens van Staden.
Listen to the interview in the audio below.
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