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Reports: Gordhan spills the beans on Guptas R6.8 bln ‘suspicious’ transactions

It’s reported that the minister says in court docs that the transactions may be why banks ditched the Guptas.

Finance Minister Pravin Gordhan at the Sars briefing on 01 April 2016. Picture: Christa Eybers/EWN

JOHANNESBURG - It's emerged that Finance Minister Pravin Gordhan has said in court documents that members of the Gupta family, and companies they control have been involved in suspicious transactions worth R6.8 billion.

The Daily Maverick and the Amabhungane Centre for Investigative Journalism say the documents were lodged in a court yesterday, and show a series of transactions that were reported by the financial intelligence centre.

Gordhan was charged with fraud this week, amid claims that the charge is politically motivated.

In the court documents, The finance minister explains that it is these R6.8 billion worth of transactions that may have made the big four banks decide to close the accounts of the Gupta family.

These transactions are listed in a report compiled by the financial intelligence centre that is attached to the legal application.

Gordhan asks the court to make an order that he cannot force the banks to revoke their decision to close the Gupta's bank accounts.

The family has claimed that he is responsible for the loss of thousands of jobs by refusing to intervene.

This revelation is likely to put more pressure on the Guptas as questions are still being asked about the decision by the National Prosecuting Authority to charge Minister Gordhan with fraud.

Earlier this week Gordhan, former South African Revenue Service (Sars) Commissioner Oupa Magashula and former Sars deputy commissioner Ivan Pillay were issued summons by the NPA.

The minister is charged with fraud for his management of former deputy Sars commissioner Ivan Pillay's pension.

WATCH: NPA issues Gordhan with summons for fraud

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