SARB felt heat after Gupta accounts closed
Johannesburg – The governor of the South African Reserve Bank Lesetja Kganyago has detailed the extent of the pressure that was brought on the central bank after the country's banks closed the Guptas’ bank accounts three years ago.
“We were using our independence to uphold a law against dirty money flows, and that made us enemies.” In August 2016, the Financial Intelligence Centre flagged 72 suspicious transactions linked to Gupta bank accounts with a total worth of R6.8billion.
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