SACP hopeful Treasury will publicise alleged Gupta investigation
It’s been reported that the Reserve Bank had demanded the release of information on Gupta accounts.
JOHANNESBURG - The South African Communist Party (SACP) says it hopes Treasury will soon be able to make public an investigation that it believes is underway into whether the Gupta family has been involved in suspicious financial transactions.
Yesterday, the Sunday Times said the South African Reserve Bank (Sarb) had demanded an Indian bank release certain information about accounts held by the Gupta family.
The family has denied being involved in any fraudulent financial transactions, while Finance Minister Pravin Gordhan has told Parliament he doesn't know about any investigation into them.
The SACP's second deputy general secretary Solly Mapaila says, "We are glad that the Treasury instituted this kind of investigation. It's quite critical. I hope soon they [will] be able to make this inquiry public as well."
The paper reports that Sarb and the Financial Intelligence Centre have requested the documents from the Bank of Baroda out of concern, as deposits do not move any further locally, suggesting they are being shifted offshore.
It's claimed teams from both departments have been meeting and collaborating on the investigation.