Oakbay: 6 reasons the FIC certificate is unlawful

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Cape Town - Gupta-owned Oakbay Investments wants the certificate, listing 72 transactions amounting to almost R7bn that was flagged as “suspicious”, to be disregarded in its entirety.

In an application filed in the North Gauteng High Court on Friday, the company highlighted at least 6 reasons the issuing of the certificate by the Financial Intelligence Centre (FIC) was unlawful.

INFOGRAPHIC: Timeline of the Guptas' bank woes

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