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Noose tightens as Bank of Baroda drops Guptas - report

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Cape Town - Another bank bombshell is about to implode for the Gupta empire as the Bank of Baroda is believed to have given it notice that it will no longer be doing business with the controversial family.

If it is true then it adds a fresh blow to the wealthy Gupta family, who are close friends of President Jacob Zuma. It also comes at a time when #GuptaLeaks, a trove of about 200 000 emails, provides a frightening glimpse into the machinery of corruption involving the family, who have remained silent on a growing list of damning allegation.

Bloomberg reported as early as March this year that the Bank of Baroda was winding down its relationship with companies related to the Gupta family, according to people familiar with the matter.

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