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ian sintonlatest news & developments
On Tuesday, the question of collusion was raised in the hearings of FNB’s former chief executive Johan Burger and Absa’s former head of compliance Yasmin Masithela. (Mike Hutchings/Reuters)
ABSA

#StateCaptureInquiry: Banks expose ANC intervention in Gupta account closures

So far the commission — chaired by Deputy Chief Justice Raymond Zondo — has heard from officials from Standard Bank, FNB and Absa

  • Sarah Smit
3 min read
“From our perspective, it was just, for us it was very important that because he was part of the IMC [inter-ministerial committee] that he was present when we met with the IMC,” said Johan Burger. (SABC)
FNB

#StateCaptureInquiry: ‘Banks did not collude in cutting Gupta ties’ — FNB official

Johan Burger’s testimony dealt with attempts by the ANC and government to intervene in the closure of the accounts

  • Sarah Smit
3 min read
“It was clear from the inquiries directed by the minister and their adviser … that their main concern was the Oakbay accounts. They wanted to secure an outcome favourable to Oakbay,” said Sinton’s affidavit. (SABC)
GUPTA FAMILY

Standard Bank was accused of belonging to WMC lobby at Luthuli House meeting

According to the testimony of retired Standard Bank official Ian Sinton, the ANC questioned Standard Bank’s decision to cut ties with the Guptas

  • Sarah Smit
3 min read