South Africa says Bank of Baroda holds 'proceeds of crime involving Guptas'

The crackdown on the dairy farm project came just weeks after South African President Cyril Ramaphosa replaced Zuma as head of the ruling African National Congress

The Bank of Baroda’s South African unit has been in possession of the “proceeds of crime” linked to a dairy farm project that involved the politically connected Gupta family, said Thato Ntimutse, a lawyer for the National Prosecuting Authority’s Asset Forfeiture Unit.

While India’s Bank of Baroda has tried to stop the state from freezing 30 million rand ($2.5 million) of its funds over the dairy farm dispute, it should be noted that the lender has gone so far as to take its own clients, the Guptas, to court to try and sever ties, Ntimutse said in the High Court in Bloemfontein