Guptas Lose Court Bid to Keep Bank of Baroda Accounts Open
- Lender to close accounts of Zuma’s friends at end of September
- Bank of Baroda was family’s last hope for banking services
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Companies controlled by the Guptas lost a court bid to prevent Bank of Baroda from shutting their accounts, which would leave the politically connected family without banking services in South Africa from the end of this month.
Judge Hans Fabricius dismissed the application of 20 companies linked to the Gupta family and awarded costs against them at the Pretoria High Court on Thursday.