The full list of 72 “dodgy” Gupta transactions amounting to R6.8 billion

Court papers filed by finance minister Pravin Gordhan, detailing almost R7 billion in “suspicious” payments made by the Gupta family, have made their way into the public domain.

Gordhan on Friday launched an application in the High Court in Pretoria in the latest development in the ongoing drama around the Gupta family and their alleged abuse of state resources.

Gordhan wants the court to declare that, as finance minister, he is in no way obligated to help the Guptas in their battle with South Africa’s largest banks, all of whom had terminated their banking relationships with the Guptas and their companies earlier this year.

In support of his argument that the banks may have had good reason to close the Gupta accounts, Gordhan has attached in his application a document from the Financial Intelligence Centre (FIC) detailing transactions made by Gupta-linked companies between 2012 and June 2016. The transactions are valued at R6.8bn and had been classified by the FIC as “suspicious”.

News24 has published the full list of 72 transactions, including the rand value, where applicable.

According to the report, citing a source, the transaction were reported as suspicious or unusual as they did not relate to “any apparent legitimate business transactions” involving the Guptas and their companies.

Transactions highlighted under these conditions by the Financial Intelligence Centre are typically involved in the funding of terrorism, evasion of tax, or simply have no lawful business purpose.

News24

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