Gupta-owned company Oakbay Investments has sold Tegeta Exploration and Resources to Swiss-based firm Charles King SA for over R2.9 billion.
Charles King SA has no history in the commodities business.
When Bloomberg News visited the offices of Charles King – on the fifth floor above a violin maker and yoga studio – it found it to be virtually empty.
The Money Show’s Bruce Whitfield interviewed Intellidex MD Stuart Theobald.
Who are the directors of Charles King SA?
- Why is its registered address that of a violin shop?
Listen to the interview in the audio below (and/or scroll down for quotes from it).
This entity has only a single director.— Stuart Theobald, Intellidex
For a company that is spending R3 billion… you would want to know more about who is doing this acquisition.— Stuart Theobald, Intellidex
We know the Guptas’ bank accounts have been shut down…— Stuart Theobald, Intellidex
The Guptas might imagine this will solve some of their problems.— Stuart Theobald, Intellidex
The transaction amount looks smaller than I would’ve imagined.— Stuart Theobald, Intellidex
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