South Africa’s FirstRand closed Gupta accounts on money-laundering fears

South African lender FirstRand said on Monday suspicions of money-laundering lay behind its decision to cut ties with a business family linked to allegations of influence-peddling in President Jacob Zuma’s government. FirstRand, South Africa’s biggest bank by market value, is the first lender to publicly disclose reasons for severing links earlier this year with Oakbay…