Gordhan’s court application ‘undiluted nonsense’, Guptas assert
The Guptas, along with the company they control, Oakbay Investments, on Tuesday hit out at Finance Minister Pravin Gordhan, describing his application to the High Court as "undiluted nonsense" and nothing more than "political games". In a statement from Ajay Gupta and Oakbay, the family welcomed the application by the minister and looked forward to clearing it’s name in court. The family has been hit hard by Gordhan’s application on Friday, and revelations of their unexplained R6.8bn transactions. This appeared to have led to the resignation of Oakbay CE Nazeem Howa on Monday who, however, cited health reasons for quitting. Gordhan approached the court on Friday to ask for a declaration order confirming that he cannot interfere in the relationship between the family and the four major banks, who closed their accounts earlier this year. The annexures to the application revealed some R6.8bn in suspicious transactions from the Guptas’ accounts. "Whilst we thoroughly welcome this applic...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.