National
DA claims more behind Gupta resignation─── 07:55 Sat, 09 Apr 2016
Atul Gupta (Gallo)
Johannesburg - The Democratic Alliance claims the Guptas and Duduzane Zuma resigned from Oakbay Investments and Oakbay Resources and Energy yesterday to facilitate the sale of the Optimum coal mine from Glencore to Oakbay.
DA shadow minister of mineral resources, James Lorimer, says in a statement a number of questions have already been raised about political influence in the Optimum deal and the extent to which the Guptas have used political connections to facilitate the transaction.
Lorimer reveals that Investec, Rand Merchant Bank and Nedbank hold R2.7 billion in Optimum’s debt. Yesterday, Bloomberg reported that the banks in charge of Glencore’s debt voted for the sale to go through.
The ANC is investigating the allegations that the Gupta family uses its friendship with President Jacob Zuma and his political network to influence certain business deals, while Public Protector Thuli Madonsela has approached Treasury for funding to investigate the claim.
-fin24.com
Lorimer reveals that Investec, Rand Merchant Bank and Nedbank hold R2.7 billion in Optimum’s debt. Yesterday, Bloomberg reported that the banks in charge of Glencore’s debt voted for the sale to go through.
The ANC is investigating the allegations that the Gupta family uses its friendship with President Jacob Zuma and his political network to influence certain business deals, while Public Protector Thuli Madonsela has approached Treasury for funding to investigate the claim.
-fin24.com
