The Organisation Undoing Tax Abuse (Outa) has laid corruption charges against Dan Mantsha, the chairman of state-owned arms manufacturer Denel, for his alleged involvement in state capture. According to a tranche of leaked e-mails, Mantsha fed sensitive and classified company information to the Gupta family, and forwarded the family some of his personal bills. The information related to a joint venture between Denel Asia — a subsidiary established by Denel — and Hong Kong-registered company VR Laser Asia. VR Laser Asia is owned by Gupta associate Salim Essa. The venture was never approved by the Treasury and was the subject of a court application by Denel, which wanted the court to force the Treasury to give it the go-ahead. However, last month Denel announced it was exiting Denel Asia, its 51% partnership with VR Laser Asia. It cited reputational damage "both locally and internationally" caused by "negative attention from the media". Denel also said it was withdrawing from the cour...
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