South Africa: DA Lays Charges of Money Laundering Against Bank of Baroda

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The DA has laid charges of money laundering and corruption against the Bank of Baroda, which has been providing banking services to the controversial Gupta family.

The bank is in a legal battle with a number of Gupta-owned entities after it announced its decision to close their bank accounts and then later on decided to close Baroda’s entire operation in SA.

The Gupta entities have approached the High Court in Pretoria in a bid to stop the closure of Baroda’s South African branch. Judgment in the matter is expected to be handed down on Monday.

DA MP Natasha Mazzone said on Thursday the party had laid the criminal charges against the bank in terms of sections 29 and 52 of the Financial Intelligence Centre Act.

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