Banks conclude State Capture inquiry over Gupta accounts

Standard Bank, Absa, FNB and Nedbank have concluded their testimonies at the State Capture Inquiry regarding the closure of Gupta-linked bank accounts in 2016. A common thread which emerged from their evidence is that certain members within the ruling party unceremoniously summoned the banks to meetings at ANC headquarters to give reasons for their decisions and by certain inferences suggested that the banks should reverse the closures. Cas Coovadia, MD of the Banking Association of South Africa joined Business Day TV on the line with his take on what played out at the inquiry.