{"id":52972,"date":"2016-04-09T23:23:10","date_gmt":"2016-04-09T21:23:10","guid":{"rendered":"http:\/\/www.arabtelegraph.com\/?p=52972"},"modified":"2016-04-09T23:23:10","modified_gmt":"2016-04-09T21:23:10","slug":"watch-guptas-hit-back-at-banks-on-cnn","status":"publish","type":"post","link":"https:\/\/www.arabtelegraph.com\/?p=52972","title":{"rendered":"WATCH: Guptas hit back at banks on CNN"},"content":{"rendered":"<p dir=\"ltr\"><strong>Oakbay Investments hit back at financial institutions that have cut ties with the company over its alleged links to the Gupta family and President Jacob Zuma on Friday.<\/strong><\/p>\n<p dir=\"ltr\">Oakbay Investments CEO Nazeem Howa told CNN that banks Barclays (Absa) and First National Bank, as well as auditing firm KPMG have not provided sufficient reasons for cutting ties with the company.<\/p>\n<p dir=\"ltr\">\u201cThe banks have been very scarce in their information to us. They\u2019ve primarily told us that in terms of their terms and conditions, they have the right to cancel our banking facilities,\u201d said Howa.<\/p>\n<p dir=\"ltr\">\u201cNot one of them have come forward with anything we\u2019ve done wrong or anything we may not have done correctly in our relationships with them,\u201d he added.<\/p>\n<p dir=\"ltr\">Instead, Howa told CNN\u2019s Richard Quest that the banks have cited \u201creputational damage\u201d for cutting ties with Oakbay.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oakbay Investments hit back at financial institutions that have cut ties with the company over its alleged links to the Gupta family and President Jacob Zuma on Friday. Oakbay Investments CEO Nazeem Howa told CNN that banks Barclays (Absa) and First National Bank, as well as auditing firm KPMG have not provided sufficient reasons for &hellip;<\/p>\n","protected":false},"author":3,"featured_media":52978,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[36],"tags":[],"class_list":["post-52972","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-te-public"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>WATCH: Guptas hit back at banks on CNN - Arab Telegraph<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.arabtelegraph.com\/?p=52972\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WATCH: Guptas hit back at banks on CNN - Arab Telegraph\" \/>\n<meta property=\"og:description\" content=\"Oakbay Investments hit back at financial institutions that have cut ties with the company over its alleged links to the Gupta family and President Jacob Zuma on Friday. 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