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Court Allows Bank Of Baroda To Leave South Africa Over Gupta Brothers Links
Bank of Baroda was the only bank that had been working with the Gupta companies after all South African banks severed ties with them following corruption allegations against Ajay, Atul and Rajesh Gupta involving billions of rands.
A top South African court has allowed Bank of Baroda to close its operations in the country next month, over its links with the controversial India-born Gupta brothers who are facing massive corruption allegations.
Judge Ntendeya Mavundla of the Pretoria High Court yesterday dismissed with costs an application by 20 companies linked to the Guptas seeking to stop the Bank of Baroda or BoB from closing all its accounts and leaving South Africa.