SOUTH AFRICAN POLICE UNIT RAID BRANCHES OF INDIA’S BANK BARODA IN JOHANNESBURG, DURBAN
JOHANNESBURG-- The South African police have raided offices of India's Bank of Baroda on Friday and seized documents as part of an investigation into State corruption under former President Jacob Zuma, a police spokesperson says.
Bank of Baroda, which is winding down its operations in South Africa, was thrust into the spotlight two years ago when it started working with the Guptas, a South African family of Indian-born businessmen who are at the centre of an influence-peddling scandal surrounding Zuma.
Zuma and the Guptas deny wrongdoing.
Police raided Bank of Baroda branches in Johannesburg and Durban Friday and took documents showing bank transactions involving South African State firms, says Hangwani Mulaudzi, a spokesperson for the police Directorate for Priority Crime Investigation, better known as the Hawks.
We are of the view that Bank of Baroda was used as a conduit for the transfer of illicit funds. The raids are happening as part of the 'State Capture' investigations, Mulaudzi said, using a phrase coined to describe alleged influence-peddling during the Zuma administration.
A Bank of Baroda employee in Durban who picked up the telephone confirmed the Hawks had visited the bank's premises on Friday. This search and seizure operation is not for investigation on Bank of Baroda. This requisition by the Hawks is in relation to the continuing on-going investigation of the Gupta family," the bank said in a statement on Saturday.
The bank has been co-operating with investigating agencies and has shared relevant documents with them, it added. An inquiry into allegations surrounding Zuma and the Guptas will begin formal public hearings in August and could take two years or more, officials have said.
Police earlier this year raided the compound of the Guptas in Johannesburg as part of an investigation into theft, fraud and money laundering at a State-backed dairy project in Free State province that was meant to benefit the local community.
The whereabouts of the Gupta brothers is not publicly known. One of the brothers, Ajay Gupta, was declared a fugitive from justice after leaving South Africa for Dubai in February. Gupta family representatives in South Africa could not be reached for comment.
Zuma was in court on Friday for a separate hearing relating to a 2.5 billion US dollars arms deal from the 1990s. He faces 16 charges of fraud, racketeering, corruption and money laundering in that case.
Source: NAM NEWS NETWORK