Cape Town - Things are heating up for the Gupta family, but there has been no indication yet whether the 72 suspicious transactions worth R6.8bn with which the family is connected, will be investigated further.
In August 2016, the Financial Intelligence Centre (FIC) listed suspicious transactions linked to Gupta bank accounts. The 72 transactions took place between December 2012 and June 2016.
About R6.84bn was involved and SA's largest banks, including Nedbank, Standard Bank, Absa, FNB and Investec, consequently closed the accounts related to the Guptas.
