Firms cut off Oakbay ‘on call by Gordhan’
Oakbay Investments acting CE accuses Pravin Gordhan of rallying ’60 captains of industry’ against the company
The call by Finance Minister Pravin Gordhan to "clip the wings" of the Gupta family resulted in 24 businesses disassociating themselves from the Oakbay Group, Oakbay Investments acting CE Ronica Ragavan said. These were in addition to the country’s four largest banks, which refused to do business with the Gupta company. In October, Gordhan applied for a declaratory order confirming that he could not intervene in a dispute between Oakbay Investments and the four banks. Responding to the application, Ragavan claimed "sources" had revealed that Gordhan said in a meeting with 60 captains of industry that steps had to be taken to "clip the wings" of the politically connected family.
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