PRETORIA – The North Gauteng High Court on Friday dismissed Pravin Gordhan’s application for a declaratory order that the Finance Minister could not get involved in Gupta bank fight.

Gordhan turned to the court for a declaratory order confirming that he could not intervene in a dispute between Oakbay Investments and four banks. 

Oakbay had asked the former finance minister for assistance after the banks closed all accounts related to Gupta-owned companies. 

The court did not conversely find that the finance minister does have the power to intervene in such a matter, saying that it was not necessary to make a declaratory order on a law that already exists.

Following the banks’ decisions to cut ties with the Guptas, the Financial Intelligence Centre listed 72 apparently suspicious transactions totalling almost R7-billion, implicating the Guptas and their companies.

The influential family denied that any of the transactions were dubious.

Source: http://www.enca.com