National Treasury has described an affidavit filed by Gupta owned Oakbay Investments as making “sensational” and “politically-driven” statements designed to deflect from the real issues made in Finance Minister Pravin Gordhan’s declaratory order.
Last October, Gordhan filed explosive documents asking the courts to declare that he should not have to intervene in the matter where four major banks closed the controversial family’s accounts.
In the finance minister’s affidavit, he says suspicious transactions worth R6.8 billion may have led the banks to their decision and a Financial Intelligence Centre report which lists the payments.
Treasury says it notes and will be reviewing the Gupta family’s answering affidavit which was filed in the High Court in Pretoria on Friday.
The controversial family's Oakbay Investments has argued that the suspicious transactions that Minister Gordhan reference to is based on flawed analysis and contains factual errors.
The Guptas also say the decision of the banks to close their accounts stems from a meeting that took place between the institutions and Gordhan last January.
They have also argued that they have never asked the finance minister to intervene with the banks and the closure of their accounts but were merely asking for guidance on the matter .