Kuben Moodley was a special adviser to mineral resources minister Mosebenzi Zwane, who joined the Guptas on a trip to Switzerland to negotiate their purchase of Optimum coal mine from Glencore. Former public protector Thuli Madonsela found in her state capture report that Moodley’s company Albatime had helped finance the Gupta deal. Her report said a business account at the Bank of Baroda received 32 deposits for Tegeta Exploration & Resources, which is owned by the Guptas, their close business associate Salim Essa and President Jacob Zuma’s son Duduzane. The deposits, totalling R2.5bn, were received between December 2015, when the sale agreement was signed, and April 2016, when the money was paid. The list of depositors includes Albatime. Madonsela said Moodley’s wife, Viroshini Naidoo, was a director of Eskom at the time as well as an employee of Albatime. She said Eskom had orchestrated the sale to the Guptas, including during a board meeting held in Cape Town in April 2015 atten...
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