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Pravin Gordhan lifts lid on Guptas' R6.8bn 'suspicious transactions'

Finance Minister Pravin Gordhan has lifted the lid of how R6.8-billion worth of suspicious transactions by the Gupta family‚ their companies and associates led to South Africa’s top-four banks closing their accounts and refusing to do business with them‚ the Sunday Times is reporting on its website.

It said this and other stories form part of a hard-hitting expose on state capture that will be published in the print edition of the Sunday Times on Sunday.

The banks had flagged the transactions as possible money laundering‚ the newspaper added.

It said Gordhan had now approached the courts with this information‚ arguing that this was the reason why he could not intervene in the banks matter when the Gupta family had asked him to do so.

Gordhan was charged with fraud this week relating to his approval of early retirement of his former deputy‚ Ivan Pillay‚ when he was commissioner of the South African Revenue Service (Sars). He is due to appear in court in November.

ALSO READ: Claim that Zuma carried R6bn to Dubai for Guptas untrue‚ says Presidency

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