Just weeks before the Guptas listed their investment vehicle Oakbay Resources & Energy in November 2014, the family lent an associate $1-million to buy shares in the entity in an apparent bid to boost the price of the stock before its debut. Details of the loan to Unlimited Electronics & Computers, a company based in Singapore, were not declared to other shareholders, thus prejudicing them. Furthermore, the South African Companies Act requires shareholder approval for issuing shares to a person related to the company. Unlimited Electronics has close ties to the Guptas through owner Kamran Raj Radiowala. Radiowala was MD at electronics company SES Technologies in India, which was owned by Sahara Computers. Sahara Computers CEO Ashu Chawla was a director of Unlimited Electronics before he resigned in 2015. Leaked Gupta e-mails show that Radiowala wrote to the Gupta brothers requesting the funds. Based on the average rand/dollar price during 2014, the loan amounted to just under R11-mi...

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