The Bank of Baroda has distanced itself from reports that Friday’s raids in Johannesburg and Durban were due to investigations on the bank itself, but rather on financial transactions of the Gupta brothers.

The Hawks raided the bank’s offices in South Africa and seized documents showing bank transactions of state owned firms.

A representative of the Bank of Baroda has said that post Friday’s raid, the Bank’s officials are cooperating with South African authorities in all investigations of matters relating to the Gupta family.

The Bank says it has also cooperated with the Hawks on the matter of how the Guptas and their companies used their accounts at various banks in South Africa.

The Bank also maintains that the raid had nothing to do with an investigation against the Bank of Baroda.

It also says that the documents which have been requested by the Hawks with regard to the Gupta brothers are those of account opening, account statements and supporting vouchers.

Earlier this year, a report by the Organised Crime and Corruption Project claimed that the Bank of Baroda’s South African branch was aware of how the Gupta brothers were misusing their accounts in the bank to further state capture.

The report claimed that the Bank reportedly allowed them to move hundreds of millions of dollars originating from suspect deals into offshore accounts.

The Bank has denied any wrongdoing, and has said that its South African branch followed the rules of the land and that there is no intentional wrongdoing.

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