Indian businessmen Ajay Gupta and younger brother Atul Gupta.
JOHANNESBURG - The Bank of Baroda has agreed to hand over Gupta-family bank records to SA civil society organisations, following an access to information request by the Helen Suzman Foundation and Freedom Under Law.
Analyst Magda Wierzycka says court papers on the matter will be filed soon.
"What we are trying to do is establish the precise quantum of money stolen from Eskom for instance Glencore has been very happy to cooperate. The numbers are much large than what has been reported to date,” says Magada Wierzycka, Sygania CEO.
Bank of Baroda decides to comply with a PAIA request by HSF and Freedom under Law re the Guptas and their companies citing that “the requested records would reveal evidence of a substantial contravention of, or failure to comply with, the law”.— Magda Wierzycka (@Magda_Wierzycka) January 19, 2018
In 2017 the Helen Suzman Foundation filed a lawsuit against President Jacob Zuma, members of his cabinet and the Gupta brothers.
Guptas’ bank records will become public. Hopefully this helps NPA to trace the R50 bn they seek to seize. R50 bn would fix our SOEs. Other banks should follow Bank of Baroda’s lead. HSBC? Bank of India?https://t.co/bZ7CFHhsYR pic.twitter.com/gSBzeLQgrC— Magda Wierzycka (@Magda_Wierzycka) January 20, 2018
The foundation revealed that the civil claim aims to recover billions of rands it says was stolen from Eskom.