Bloomberg makes fishy discovery when visiting Charles King (new owner of Tegeta)

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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This article first appeared on 702 : Bloomberg makes fishy discovery when visiting Charles King (new owner of Tegeta)


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