FNB never met with ANC or the inter-ministerial commission over Gupta accounts

Absa has testified at the state capture commission in Parktown.

The bank was the first to cut ties with the Guptas.

It was also invited to meetings with the inter-ministerial committee but the bank declined to attend, saying it would not discuss client information.

First National Bank (FNB) testified first on Tuesday and stated how they questioned the basis of the meeting.

Johan Burger from FNB explained that there were a number of reasons why they decided to close the Gupta account.

Gia Nicolaides, EWN Reporter 

READ: #StateCaptureInquiry shocking revelations by Standard Bank

Reputational and business risk and suspicious transactions.

Gia Nicolaides, EWN Reporter 

ALSO READ: Insightful update into the State Capture inquiry

They were then summoned by the ANC and the inter-ministerial committee to come and explain themselves. FNB never attended that meeting and shortly afterwards they got an invitation to attend a meeting with the inter-ministerial committee. Ultimately they declined that invitation.

Gia Nicolaides, EWN Reporter 

Listen to what else the commission heard from the banks...


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