UK also investigating Guptas

File: The Gupta family arrived in South Africa just over two decades ago.

File: This was the first of a number of Gupta properties Park Village Auctions have been instructed by business practitioners to sell to the highest bidder.


JOHANNESBURG - British MP Lord Peter Hain has instigated an investigation into whether global banks had dealings with the Gupta family.

He says a whistleblower gave him evidence of money laundering involving the Guptas.

eNCA&39;s UK correspondent,  Natalie Powell, explains:

The BBC reports that Standard Chartered said it was unable to comment on the details of client transactions, but could confirm that "accounts were closed by us in 2014", and that  HSBC declined to comment.

Earlier on Thursday it emerged that the Federal Bureau of Investigations (FBI) was investigating possible US links to the Guptas.

Investigators are reportedly looking into individuals, bank accounts and companies in the US that might be involved in corrupt activities with the controversial family.

READ: FBI investigates US links to Guptas