'How Zwane led the fight to save the Guptas' accounts'

Testimony by senior banking officials at the Zondo commission of inquiry this week lifted the lid on how Zwane, during meetings with Standard Bank, Absa, First National Bank and Nedbank, threatened to take away the banks’ operating licences and in one instance pleaded with officials to “step in and save jobs”.

The testimony of four of South Africa’s major banks has unmasked former Mineral Resources minister Mosebenzi Zwane as the key champion fighting against a decision to close the Gupta family’s bank accounts.

The commission says Zwane has yet to apply to cross-examine the officials.

• For more on this story, please visit Times Select.