Today's Big Stories

'Put up or shut up': Gupta-owned Oakbay denies state capture claims

The Oakbay Investments company, owned by the Gupta family, has denied claims of an influential relationship with government and President Jacob Zuma.

Oakbay director Nazeem Howa also claims that there is no conflict of interest with one of firm's board members, also sitting on the Eskom board. He says it is not uncommon in the business community, for board members to sit on various company boards, and simply recuse themselves from relevant discussions when necessary.

According to EWN's Govan Whittles, Howa insists that the Gupta-owned company has a completely legitimate relationship with the government.

Today, Howa said that no one has brought forward evidence to suggest that there's undue benefits to the company that flowed as a result of the relationship with government.

Govan Whittles, EWN Reporter

Howa says the company's board is willing to face the consequences, should evidence of state capture emerge.

We operate on the basis of arms-length transaction and transparent transactions. We will not break any law or regulation. For that reason we can say: put up or shut up.

Nazeem Howa, Oakbay Investments director

Listen to the full conversation from The Midday Report with Stephen Grootes:


This article first appeared on 702 : 'Put up or shut up': Gupta-owned Oakbay denies state capture claims


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