Oakbay Resources confirms five transactions in Gordhan affidavit
Gupta-family controlled Oakbay Resources and Energy issued a statement on Monday confirming that five of the 72 suspicious transactions listed in an affidavit by Finance Minister Pravin Gordhan, were done by the JSE-listed holding company or its subsidiary, Shiva Uranium. The transactions were listed in an attachment supplied by the Financial Intelligence Centre. Oakbay Resources and Energy appeared in the list twice and its subsidiary Shiva Uranium four times. The 65th transaction involving R327.4m was attributed to Oakbay Resources and Energy and the 66th, also for R327.4m, to Shiva. The JSE-listed holding company appears to be counting these as the same transaction. The largest transaction involving the listed company via its subsidiary Shiva was for R510m, labelled item 71.
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