Featured Article, General News, South Africa

Gordhan awaits High Court verdict amid involvement with Guptas

Former Finance Minister Pravin Gordhan waits for High Court verdict following a plea for a declaratory order against the against the Gupta-owned Oakbay group of companies.

Pravin Jamnadas Gordhan is a South African politician and former Minister of Finance, a position he had held from 2009-2014, and again from 2015-2017.

The High Court in Pretoria will today hand down the verdict following a request made by the then finance Minister in the intervention in the battle between the controversial family and banks.

The country’s big four financial institutions cut ties with the family’s companies about a year ago, citing reputational risk.

According to reports, Lawyers representing the Gupta family admitted in court that Gordhan was approached by the family on numerous occasions after the banks closed their accounts, asking the then finance minister to intervene.

Gordhans is accused of instigating a war against the family after approaching the court to expose dirty laundry of the Gupta owned company in an attempt to protect South African Banks from examination.

His legal counsel argued it would be wrong for him or any other Cabinet member to get involved in a matter between a private bank and its customers.

The minister has since been fired and the last bank providing services for the Guptas has also since stopped doing business with them.