The project‚ set up in partnership with Gupta-linked company Estina‚ allegedly saw R220-million siphoned off to the Guptas and others. It is the subject of an ongoing investigation by the Hawks.
EDC said in its affidavit that allowing the Guptas to continue using the jet represented “substantial reputational harm” to the bank.
ZS-OAK was chartered by the SA National Defence Force in 2015‚ taking off from Waterkloof Air Force Base‚ to ferry “military and civilian dignitaries” to the SA Army Combat Training Centre at Lohatla in the Northern Cape.
Minister of Mineral Resources Mosebenzi Zwane was revealed by the Sunday Times to have flown in the past with the Guptas on their private jet on a trip to Dubai and Switzerland.
An application to have the aircraft grounded will be heard on March 6.