Treasury says Finance Minister Pravin Gordhan will only be responding to the latest attack by the Gupta family through his responding affidavit to be submitted next Friday.
Last October, Gordhan filed an explosive affidavit which reveals suspicious transactions by the Gupta family amounting to nearly R7 billion.
In the documents the finance minister says it is these dealings which could have led four major banks closing their accounts with the controversial family.
Gordhan sought an order from the courts to confirm that he has no legal obligation to interfere in the banks’ decision.
Treasury has described the Gupta owned Oakbay Investments recent statement as making sensational and politically driven statements designed to deflect from the real issues made in Gordhan's court papers.
In a responding affidavit filed this week, the Gupta family says the Financial Intelligence Centre report, which details the suspicious transactions worth nearly R7 billion, is factually incorrect and flawed.
Oakbay Investments went on to say that the decision of the banks to close their accounts stems from a meeting between the institutions and Gordhan last January.
Treasury says its legal team is reviewing the recent statement.
The court is expected to have a hearing on the matter in March.
(Edited by Zamangwane Shange)