Guptas are 'delighted' to be named in Gordhan affidavit

Oakbay Investments say they are 'delighted' to be respondents in the Finance Minister Pravin Gordhan's court papers so that they can begin to clear their names.

Gordhan's affidavit revealed that R6.8 billion made in payments by Gupta brothers and firms they control have been reported to authorities as suspicious over the past four years.

Gupta Family lawyer, Van Der Merwe Associates, released a statement on behalf of Ajay Gupta and Oakbay Investments in response to Gordhan's affidavit. It refers to Gordhan's allegations as 'undiluted nonsense.'

Read the full statement from the Gupta family below:

Yesterday, Oakbay Investments chief executive officer, Nazeem Howa, resigned with immediate effect due to health issues.

Gordhan's affidavit also revealed that he had discussions with Howa over the bank account closures.

Read More
Absa's Maria Ramos speaks out on Public Protector's leaked report

Absa's Maria Ramos speaks out on Public Protector's leaked report

Absa CEO Maria Ramos says she trusts the Public Protector despite "factual and legal inaccuracies" findings in her leaked report.

 Social Development MEC aids family of 3 Soweto children killed in shack fire

Social Development MEC aids family of 3 Soweto children killed in shack fire

Three children aged between 10 months and five years who died in a shack fire in Snake Park, Soweto will be buried next Thursday.

 Oakbay Investments CEO Nazeem Howa resigns

Oakbay Investments CEO Nazeem Howa resigns

Sunday Times reported that the affidavit submitted by Finance Minister to the court reveals Gordhan had had discussions with Howa.

Gupta-owned Oakbay responds to bias claims

Gupta-owned Oakbay responds to bias claims

The company says there's nothing unusual about one of its board members also sitting on the Eskom board.

Questions raised over Gupta business as ‘jet touches down in India’

Questions raised over Gupta business as ‘jet touches down in India’

Earlier today, Oakbay Investments CEO Nazeem Howa said the brothers were not ‘fleeing the country’.

Barclays Africa turns down meeting with ministers over Oakbay

Barclays Africa turns down meeting with ministers over Oakbay

Several companies, including four major banks in SA, have severed links with Oakbay Investments.

Popular articles
'People are in pain! They want to see AB play Test Cricket!' - Neil Manthorp

'People are in pain! They want to see AB play Test Cricket!' - Neil Manthorp

John Maytham interviews famed cricket correspondent Neil Manthorp.

Culprits spotted deliberately starting fires in the Cape

Culprits spotted deliberately starting fires in the Cape

Chief Fire Officer at Overberg District Municipality says arson is a problem they are all too familiar with.

Exasperated listener (and Kuga owner) recounts shocking service from Ford

Exasperated listener (and Kuga owner) recounts shocking service from Ford

It’s getting worse and worse for Ford, as this report of shocking service shows. John Maytham interviews a frustrated listener.