NEWS

Gordhan's Application Against Gupta-Owned Companies Dismissed By High Court

The Gupta family accused Gordhan of using his office to start a war with them.

18/08/2017 10:40 SAST | Updated 18/08/2017 11:38 SAST
Sumaya Hisham / Reuters
Former South African Finance Minister Pravin Gordhan addresses a memorial service for anti-apartheid veteran Ahmed Kathrada in Cape Town, South Africa April 6, 2017. REUTERS/Sumaya Hisham

The High Court in Pretoria on Friday dismissed an application by former finance minister Pravin Gordhan for a declaratory order against the Gupta family's Oakbay group, EWN reported.

Gordhan lodged an application asking the court to rule that he was not legally permitted to intervene in the fight between the family and the big four banks.

The Gupta family accused Gordhan of using his office to start a war with them. The Gupta family contended that Gordhan tried to use a court order to air out the family's dirty laundry while protecting the banks.

The application was lodged in October 2016. Nedbank, Barclays Africa Group Limited, Standard Bank and First Rand Bank cut ties with the Gupta's Oakbay group of companies last year.

Gordhan's legal team submitted in court that it would be wrong for him or any other Cabinet member to be involved in a matter between a private bank and its customers, EWN reported.