Two Gupta owned companies have gone to court to try to force the Bank of Baroda to keep operating in South Africa. At present, it is the only bank that provides the Guptas with banking facilities in the country.
Financial Mail editor Rob Rose says that banks have the right to choose their customers. This is what allowed Absa, Standard Bank, Nedbank and First Rand to fire the Guptas in the first place.
There was a judgment last year where a court said that the Bank of Baroda had to keep providing [the Guptas] with facilities to assist the employees. The Bank of Baroda says that doesn't apply to closing down operations, and they are entitled to that.
— Rob Rose, Financial Mail editor
Listen to the full interview below:
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