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Absa to defend arms deal man’s R7m legal claim over closed accounts

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Cape Town - Absa will defend a legal bid by businessman Fana Hlongwane, who is suing the bank for R7m after it closed his business bank accounts in 2013.

The closure followed the bank’s review of Hlongwane’s firms in terms of its policy on politically exposed people. The review was sparked following the Seriti Commission of Inquiry into the arms deal.

The inquiry called Hlongwane - an adviser to former defence minister Joe Modise - to testify after allegations that he facilitated the transfer of R24m to secure a deal for an arms company.

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