South Africa's Gupta family asks court to force release of details over closure of accounts

South Africa's wealthy Gupta family, accused in a government corruption probe of allegedly holding undue influence over President Jacob Zuma, said it had asked a court to force a financial regulator to give the family details concerning the closure of its business accounts.
 
The country's four major banks, Barclay's, Standard Bank, FNB and Nedbank early in 2016 terminated the accounts of several companies; spanning mining to media operations, controlled by the family under the Johannesburg exchange listed Oakbay Resources.
 
The banks refused to make public their reasons for closing the accounts.

The Guptas have denied accusations that they have used their friendship with Zuma to advance their interests as well accusations of money laundering and fraud.

SOURCE: REUTERS