Zuma, Zwane singled out for ‘improper’ interference after the closure of the Guptas’ accounts, reports NatashaMarrian.
Mosebenzi Zwane testifying at the state capture commission. Picture: VELI NHLAPO
“In this day and age in SA, it is unacceptable that an institution as powerful as a bank should have no obligation to hear, whether in a discussion or in writing, what a client has to say before the bank may close the account on suspicion that the client may be involved in illegal or corrupt transactions,” Zondo says in his report.
They argued that the closure was a result of “white monopoly capital” attempting to squeeze out legitimate black business. At the time, the Zuma administration went all-out to help the family — Zwane even fabricated a cabinet decision to establish a commission of inquiry into the banking sector, which sent shock waves through the markets at the time.
“That conduct on [Zuma’s] part was also a breach of section 96 of the constitution. That reads [that] members of the cabinet and deputy ministers may not act in any way that is inconsistent with their office or expose themselves to any situation involving the risk of a conflict between their official responsibilities and private interests.”
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