Gupta-linked Charles King SA's director named in Panama leaks - Barry Bateman

Oakbay made an announcement on Wednesday morning that it had sold its Tegeta Exploration and Resources business to Swiss-based Charles King SA for R2.9 billion.

However, Eyewitness News has learnt that the little-known company which Oakbay sold its mining interests to is registered in Switzerland as trading in fashion products, clothing and shoes.

EWN senior reporter, Barry Bateman says the sale of Tegeta is part of an effort to save jobs in South Africa. He adds although not much is known about the Swiss-based record, it was registered in 2011 and the purpose then of the company was to trade in fashion.

Bateman says that later to include that it would also hold investments in industrial and other companies.

On the 27th of July, we understand that this Swiss-based company had its company profile changed and in the same week, Mzwanele Manyi was made the director of Lodidox.

Barry Bateman, EWN senior reporter

Bateman reports that this suggests the Guptas were getting things in motion to sell off their business interests in South Africa, such as ANN7 and The New Age publication.

Bateman reports that Ronald Alfred Beau is the sole director of the Swiss-based company, Charles King SA.

Very little is known about him except that he holds numerous interests based in Switzerland.

Barry Bateman, EWN senior reporter

What we've also managed to establish is that his name turns up in the Panama leaks.

Listen to the EWN report in the audio below:


This article first appeared on 702 : Gupta-linked Charles King SA's director named in Panama leaks - Barry Bateman


Recommended

by NEWSROOM AI
Read More
Godi agrees Gigaba's incriminating Treasury report U-turn smacks of protection

Godi agrees Gigaba's incriminating Treasury report U-turn smacks of protection

Malusi Gigaba told Parliament that a report submitted to Scopa marked final is not, in fact, the final one and must be withdrawn.

The lowdown on state capture starring Anoj Singh and Eskom

The lowdown on state capture starring Anoj Singh and Eskom

Investigative journalist Sabelo Skiti helps makes sense of 'the enabler' Anoj Singh's career history and role in state capture.

Eskom existed to allow Gupta's access to largesse in state - Karima Brown

Eskom existed to allow Gupta's access to largesse in state - Karima Brown

Political analyst Karima Brown looks at this weeks big political stories.

[LISTEN] Eskom uncertain as to who instructed R500m payment to Trillian

[LISTEN] Eskom uncertain as to who instructed R500m payment to Trillian

Zethembe Khoza, interim board chair at Eskom explains the companies financial discrepancies that are now under investigation.

Zuma's son and Gupta brothers could be summoned before Parly's Eskom inquiry

Zuma's son and Gupta brothers could be summoned before Parly's Eskom inquiry

Parliament’s Public Enterprises Committee discussed the scope of the inquiry which is expected to kick off in early August.

It is raining for Zuma and it is not blessings - Karima Brown

It is raining for Zuma and it is not blessings - Karima Brown

Political analyst Karima Brown gives her take on #GuptaLeaks and events surrounding the news.

No change unless Parliament takes control of Eskom investigation - Mantshantsha

No change unless Parliament takes control of Eskom investigation - Mantshantsha

On Monday, the party’s NEC announced that it wants Molefe’s appointment as CEO to be rescinded.

Outa seeks Eskom break-up into two distinct corporations

Outa seeks Eskom break-up into two distinct corporations

The Organisation Undoing Tax Abuse has embarked on several tasks to uproot corruption at Eskom

Can SIU be objective if Zuma gives proclamation to investigate Eskom?

Can SIU be objective if Zuma gives proclamation to investigate Eskom?

Ex Special Investigations Unit (SIU) member, Jason Jordaan, explains what will happen if unit asked to probe Eskom procurement.

I dare you to investigate me! - Eskom Chair Ben Ngubane

I dare you to investigate me! - Eskom Chair Ben Ngubane

The Money Show’s Bruce Whitfield interviews EWN Parliamentary Reporter Lindsay Dentlinger.

Popular articles
Ramaphosa unveils statue of Madiba at UN headquarters

Ramaphosa unveils statue of Madiba at UN headquarters

The 1.9 metre statue is said to be a gift from South Africa to the international community.

WC DA leader refuses to hand over electronic devices as party probes media leak

WC DA leader refuses to hand over electronic devices as party probes media leak

Western Cape DA leader Bonginkosi Madikizela confirmed that he was asked to hand over his devices but he says that he refused.

Ramaphosa's new advisory team has 6 months to draw up national land reform plan

Ramaphosa's new advisory team has 6 months to draw up national land reform plan

Land researcher Prof. Ruth Hall says the panel faces an exciting challenge to see how government can fix the land reform process.

[LISTEN] New Visa regulations could change the face of South African tourism

[LISTEN] New Visa regulations could change the face of South African tourism

Lecturer at TUT's Dept of Tourism, Unathi Henama says that the tourism sector is at the center of the economic policies in SA.

3 emergency numbers you should have on speed dial and how they work

3 emergency numbers you should have on speed dial and how they work

These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.