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Guptas ask FIC for more info over ‘suspicious’ R6.8bn

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Cape Town – Gupta-owned Oakbay Resources and Energy Limited [JSE:ORL] on Friday requested more information from the Financial Intelligence Centre (FIC) over the 72 transactions worth R6.8bn it identified as "suspicious”.

The FIC told Fin24 on Monday that it received Oakbay’s application for “information further to the documents submitted as part of the founding papers lodged by the Minister of Finance (Pravin Gordhan) in his application to the High Court on Friday, 14 October 2016”.

Gordhan dropped the FIC bombshell on October 14 when he asked the Pretoria High 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 which had terminated their banking relationships with the Guptas and their companies earlier this year.

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