Fana Hlongwane sues Absa for closing his accounts

Former arms deal consultant and businessman Fana Hlongwane wants Absa bank to pay him R7 million for closing his accounts after deciding that he was 'a politically exposed person' in 2013.

Hlongwane says Absa violated his constitutional rights.

Absa's decision was implemented following the tighter banking regulations in the Financial Intelligence Centre Amendment Bill - a bill which has not yet been signed by President Jacob Zuma.

Business Day deputy editor, Carol Paton, says there seems to be a relationship between the controversial Gupta family and Hlongwane.

It does seem he wants to make a point and either force Absa to say why they closed his accounts.

Carol Paton, Business Day deputy editor

Or he wants to what know information exactly Absa has on him.

Carol Paton, Business Day deputy editor

Listen to the full interview below for more information...


Recommended

by NEWSROOM AI
Read More
Arms deal cover up an early example of state capture - corruption expert

Arms deal cover up an early example of state capture - corruption expert

Hennie van Vuuren says Seriti Commission missed massive opportunity to investigate truth and supports call to set aside findings.

The Arms Deal: where politics and big money collaborate harmoniously

The Arms Deal: where politics and big money collaborate harmoniously

Feinstein's book on the arms deal, now turned into a film called Shadow World, details the dirty deals of the trade.

Callers say the Seriti Commission was a waste of time and money

Callers say the Seriti Commission was a waste of time and money

The findings of the Seriti Commission, which stated that no corruption activity took place, has sparked a national debate.

Arms deal critic Gavin Woods says he saw suspected whitewash coming

Arms deal critic Gavin Woods says he saw suspected whitewash coming

Prof Gavin woods says the integrity of the four year Seriti Commission was already under question when investigators withdrew.

Arms deal critic Van Vuuren says Seriti report 'is certainly a whitewash'

Arms deal critic Van Vuuren says Seriti report 'is certainly a whitewash'

Expert weighs in on President Zuma's public presentation of Seriti Commission of Inquiry report on the arms deal

Seriti Commission on arms deal - R113 million later - finds no wrongdoing

Seriti Commission on arms deal - R113 million later - finds no wrongdoing

Terry Crawford-Browne approached the ConCourt to force Govt to appoint an independent commission of inquiry into the arms deal.

Seriti Commission report: 'Utter waste of tax payers money' says de Lille

Seriti Commission report: 'Utter waste of tax payers money' says de Lille

Mayor de Lille voices her opinions on the release of Seriti commission report on possible bribery & corruption in arms deal.

Arms deal report exonerates government, announces Zuma

Arms deal report exonerates government, announces Zuma

The so-called fact-finding mission found that there was absolutely no foul play in the R70 billion arms procurement deal.

R130 million arms deal: Man arrested but not prosecuted

R130 million arms deal: Man arrested but not prosecuted

Stephen Grootes speaks to EWN senior reporter, Barry Bateman about a mysterious R130 million arms deal

Popular articles
[WATCH] Grootes's take on why EFF silent on Dlamini's SABC interview

[WATCH] Grootes's take on why EFF silent on Dlamini's SABC interview

702 Afternoon Drive host Stephen Grootes's comment involves past dealings that involve EFF national chair, Advocate Dali Mpofu.

This is how much you should be paying your domestic worker

This is how much you should be paying your domestic worker

Stephen Rathai, director of employment standards at the Department of Labour talks on the new national minimum wage.

Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Bruce Whitfield interviews La Grange about her and Madiba's attitude to money (hopes and fears, successes and failures, etc.)

Why the PAC wants South Africa renamed Azania

Why the PAC wants South Africa renamed Azania

Pan Africanist Congress's Narius Moloto explains why it supports the name Azania, a word which he says has Arabic origins.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...