Banks to put their side of the story in dispute with Guptas
Gupta-owned companies and the big four South African commercial banks are expected to submit arguments in the North Gauteng High Court today.
Finance Minister Pravin Gordhan is seeking a declaratory order confirming he could not intervene in a dispute between Oakbay Investments and Absa, Standard Bank, First National Bank and Nedbank.
The banks cut ties with businesses owned by the Gupta family, following a public uproar about alleged state capture.
The court yesterday ruled that the state attorney does have the authority to represent the Finance Minister.
It also struck from the roll a report by the Financial Intelligence Centre (FIC) listing more than 72 suspicious transactions by Gupta-owned companies, as well as an affidavit in which Deputy Finance Minister Mcebisi Jonas alleges he was offered a cabinet position by the Gupta family.
Meanwhile, the Presidency released a statement to "offer clarity regarding the ongoing court case involving the Gupta-owned company, Oakbay".
In a statement, the presidency said they want to clarify the involvement of President Jacob Zuma in the matter.
"The main applicant in the matter is the Minister of Finance. The President was cited as an interested party on the basis that he would be directly affected by the declaratory order that is sought by the 17th respondent, Standard Bank," the statement reads.
Maryke Vermaak reports from court.