Absa had every right to wait 15 months before it closed down the accounts of Gupta-owned companies‚ .
“Just before 10pm on 23 June‚ a Customs detector dog unit member was conducting a search of a bus which had just entered South Africa from Zimbabwe when he discovered the detonating cords hidden in a bag on the bus‚” the South African Revenue Service (Sars) said in a statement.
The cords were wrapped in clothing at the bottom of the bag‚ which allegedly belonged to the conductor of the Zimbabwe-registered bus.
The SA Police Service (SAPS) explosives unit was called in and the 200 detonating cords were handed over to them.
“The cords‚ which contain explosives‚ could be used in criminal activities such as the illegal mining industry‚ blowing up ATMs‚ etc‚” Sars said.
“The suspect was arrested and is in the custody of SAPS.”