http://www.polity.org.za
Deepening Democracy through Access to Information
Home / Case Law / High Courts RSS ← Back
Absa|Africa|Finance|Financial|FNB|Nedbank|Standard Bank|Africa|South Africa|Bank Accounts
Africa|Finance|Financial||Africa||
absa|africa-company|finance|financial|fnb|nedbank|standard-bank|africa|south-africa|bank-accounts
Close

Email this article

separate emails by commas, maximum limit of 4 addresses

Verification Image. Please refresh the page if you cannot see this image.

Sponsored by

Close

Article Enquiry

Minister of Finance v Oakbay Investments and others

Verification Image. Please refresh the page if you cannot see this image.
Close

Embed Video

Minister of Finance v Oakbay Investments and others

10th February 2017

SAVE THIS ARTICLE      EMAIL THIS ARTICLE

Font size: -+

This case concerns a pure legal question: is the Minister of Finance authorised or obliged to intervene in banker-client relationships if bank accounts are closed?

The bank accounts concerned in this matter are those of the Oakbay group of companies, in which the Gupta family hold a controlling interest. The banks concerned are four major commercial banks in South Africa, Absa, FNB, Standard Bank and Nedbank. Each of the parties (including the Governor of the Reserve Bank, the Registrar of Banks, and the Financial Intelligence Centre) accepts that the legal question concerned is to be answered as proposed by the Minister of Finance.

Advertisement
To watch Creamer Media's latest video reports, click here
 
Advertisement
  • Minister of Finance v Oakbay Investments and others
    Download
    0.57 MB
Sponsored by

EMAIL THIS ARTICLE      SAVE THIS ARTICLE ARTICLE ENQUIRY

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here

Comment Guidelines

About

Polity.org.za is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Mining Weekly
Research Channel Africa

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Polity.org.za is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now