Guptas move to buy South African bank: report

[BusinessTech]

Guptas move to buy South African bank: report

The controversial Gupta family is making a move to buy their own bank, Independent Media reports.

 

[f2wohf]

Was actually wondering why they didn't consider this so far !

 

[Hemi300c]

And they can rename it to CB
Corruption Bank.

 

[Nerfherder]

Oh yes, defs going to put my money in that.

 

[SoTrue]

I hope they realise any bank still reports to the Reserve Bank, and such inconveniences such as FICA, PRECCA, POCA, etc will remain.

 

[ToxicBunny]

I hope they realise any bank still reports to the Reserve Bank, and such inconveniences such as FICA, PRECCA, POCA, etc will remain.

They're living in this strange reality that tells them when they own a bank it's all good... they still won't be able to transact with the big 4 anyway... and bankserv may be regulatory bound to disregard transactions from them over a certain value or from certain control accounts.

 

[Thor]

IF bankserv has a backbone then they will be fcked.

 

[ToxicBunny]

IF bankserv has a backbone then they will be fcked.

Bankserv are required to by law to have the backbone... plus the big 4 have the majority shareholding in bankserv

 

[Thor]

Bankserv are required to by law to have the backbone... plus the big 4 have the majority shareholding in bankserv

Since when does law apply to the Guptas?

 

[ToxicBunny]

Since when does law apply to the Guptas?

It doesn't. .. but it does to bankserv and the big 4

 

[Thor]

It doesn't. .. but it does to bankserv and the big 4

While Zuma allows it to

 

[ToxicBunny]

While Zuma allows it to

Zuma has no say in this... it's established fraud control laws...

 

[access]

Zuma has no say in this... it's established fraud control laws...

I do hope so... this guy and his fellowship do what they want.

 

[ToxicBunny]

I do hope so... this guy and his fellowship do what they want.

Reality is catching up with them unfortunately..