Nedbank tells State Capture Commission that negative media reporting caused closure of Gupta accounts

SAfm — Nedbank CEO, Mike Brown, says the bank decision to end its business relations with the Gupta family was motivated by the family’s continued negative media reporting about its activities. Brown is testifying at the Commission of Inquiry into State Capture led by Deputy Chief Justice, Raymond Zondo. Brown has told the commission that he did not feel pressured by the ANC to re-open the Gupta’s business bank accounts. Senior officials of other banks have testified that they were threatened by ANC officials after they closed the bank accounts.