A day after the elite South Africa police unit \u2018Hawks\u2019 raided the offices of Bank of Baroda, the bank on Saturday said it has cooperated with the authorities in all investigations of matters relating to the Gupta family, including how the Guptas and their companies used their accounts at various banks in South Africa.<\/p>\n
Police raided Bank of Baroda branches in Johannesburg and Durban and took documents showing bank transactions involving South African state firms as part of an investigation into state corruption under former president Jacob Zuma.<\/p>\n
According to BoB, the action by the South African Police Directorate for priority crime investigation is no exception, as BoB fully cooperated with the Hawks in all respects. \u201cPresently, we want to emphasise that this search and seizure operation is not for investigation on BoB. This requisition by the Hawks is in relation to the continuing ongoing investigation of the Gupta family,\u201d BoB said in a statement.<\/p>\n
The Guptas, a family of Indian-born businessmen, are at the centre of an influence-peddling scandal surrounding Zuma. Having initiated closure of all Gupta-related accounts in July 2017, Bank of Baroda ceased all banking operations in South Africa as of April 1, 2018. The bank now is in the process of winding down and exiting the South Africa market in close co-ordination with the South African Reserve Bank. \u201cThe exiting process from South Africa is in line with the bank\u2019s international reorganisation plans,\u201d BoB said.<\/p>\n
\u201cThe documents which have been requested by the Hawks are account opening, account statements and supporting vouchers. These documents form part of the formal books and record of the bank,\u201d BoB said. Many of these documents requisitioned by Hawks have been shared with the agency appointed by SARB as a part of their investigation and further some of these documents have been subpoenaed and been submitted to the investigating agencies, it said.<\/p>\n
\u201cAs and when required for various audit and investigation purposes, the Bank has shared relevant documents and we have always cooperated making the documents available for inspections, audit etc,\u201d BoB said.<\/p>\n","protected":false},"excerpt":{"rendered":"
A day after the elite South Africa police unit \u2018Hawks\u2019 raided the offices of Bank of Baroda, the bank on Saturday said it has cooperated with the authorities in all investigations of matters relating to the Gupta family, including how the Guptas and their companies used their accounts at various banks in South Africa. Police […]<\/p>\n","protected":false},"author":1,"featured_media":33689,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-33688","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/33688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=33688"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/33688\/revisions"}],"predecessor-version":[{"id":33690,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/33688\/revisions\/33690"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/33689"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=33688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=33688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=33688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}