Movement of R1.5bn from Standard Bank was legitimate business practice, says Gupta-owned company - Rand Daily Mail

The Gupta-owned Oakbay Investments has confirmed that an amount of R1.5bn was moved out of its Standard Bank account and into an account held with the Bank of Baroda in June 2016. But, says the company, the move was legitimate due to "Standard ...

EFF opens criminal case against Gupta family - Randburg Sun

JOBURG – EFF leadership opened a case against the Gupta family, President Jacob Zuma's son, Duduzane and all Gupta linked companies at Rosebank Police Station. 42 mins ago. EFF leadership at the Rosebank Police Station where they laid charges ...

Fin24.com | Guptas' Oakbay says only five deals on Gordhan list linked to them - Long Beach City College Viking

Johannesburg – Oakbay Resources and Energy Limited [JSE:ORL] has confirmed that five of its transactions are implicated in the list of 72 transactions reported to the Financial Intelligence Centre .This follows reports over the weekend that R6.8bn ...

Oakbay responds to suspicious transactions - Jacaranda FM

Oakbay Resources has told its shareholders it's investigating five transactions referred to in legal proceedings instituted by the Finance Minister Pravin Gordhan. Published: Oct. 17, 2016, 3:06 p.m. by JacarandaFM News ...

Oakbay Resources confirms five transactions in Gordhan affidavit - Times LIVE

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 ...

Litany of letters: How Oakbay begged Gordhan to lobby 'intransignet' banks - Times LIVE

Pravin Gordhan attends a panel session at the World Economic Forum (WEF) in Davos, Switzerland, on Wednesday, Jan. 20, 2016. Image by: Matthew Lloyd / Bloomberg. An exchange of letters that spanned four months shows the lengths to which Oakbay ...

South Africa's Gupta-owned Oakbay investigates suspicious transactions - Reuters Africa

JOHANNESBURG (Reuters) - South Africa's Oakbay Resources and Energy Ltd, a company controlled by businessmen close to President Jacob Zuma, is investigating five of 72 transactions reported to authorities as suspicious. Finance Minister Pravin ...

South Africa: We Need to Know If the Optimum Rehabilitation Fund Has Been Raided - AllAfrica.com

Revelations that Gupta-owned companies were given permission by the Department of Mineral Resources (DMR) to transfer money from the rehabilitation fund for the Optimum colliery need to be clarified. In his court notice of motion, Finance Minister ...

SA banks must explain account closures - Gupta lawyer - CapeTalk

Court documents filed by Finance Minister Pravin Gordhan revealed that the Financial Intelligence Centre flagged a history of "suspicious" transactions made by the Gupta family and companies owned by them. The transactions amount to R6.8 billion.

Phosa wants probe against NPA and Abrahams - CapeTalk

ANC stalwart Mathews Phosa, says he is not surprised that Deputy President Cyril Ramaphosa has offered his moral and political support to Finance Minister Pravin Gordhan. He says he wrote a letter to the Presidency, Minister of Justice and the speakers ...

Mathews Phosa wants Bar to probe NPA head after charging Pravin Gordhan - Eyewitness News

JOHANNESBURG - Former African National Congress (ANC) treasurer general Mathews Phosa says he'll be writing to the General Council of the Bar today to ask for an investigation into National Prosecuting Authority (NPA) head Shaun Abrahams after he ...

Is Ramaphosa compromising himself by supporting Gordhan? - DestinyConnect

CAPE TOWN, SOUTH AFRICA – NOVEMBER 1: Minister of Cooperative Governance and Traditional Affairs Pravin Gordhan and Deputy President Cyril Ramaphosa address members of the Western Cape Farming Sector on November 1, 2014 in Cape Town, ...

South African economy teeters as finance minister faces indictment - Cosumnes Connection (subscription)

But legal experts say it will be hard to make the charges of fraud stick because the NPA will be required to prove Gordhan intentionally broke the law. Abrahams said "I don't think we must jump the gun" on whether Gordhan could also face charges about ...

People are misreading history if they think Zuma will go: Justice Malala - CapeTalk

Members of the ANC National Executive Committee (NEC), Dr Zweli Mkhize and Deputy President Cyril Ramaphosa have backed Finance Minister Pravin Gordhan on the fraud charges. However, political analyst, Justice Malala, told Stephen Grootes on the ...

Phosa wants Bar Council to probe NPA boss Abrahams' fitness to be an advocate - Times LIVE

African National Congress (ANC) heavyweight Mathews Phosa will on Monday write to the General Council of the Bar to investigate National Prosecuting Authority (NPA) head Shaun Abrahams.

Gordhan moves to force Gupta finances into public domain in South Africa - Financial Times

South Africa's finance minister has challenged the Guptas, the business family with ties to President Jacob Zuma, to reveal information on their finances by telling a court that 6.8bn rand ($475m) in alleged suspicious transactions may have led banks ...

[LISTEN] Guptas v Gordhan: Implications of transaction claim - Eyewitness News

Radio 702 | 702's John Robbie spoke to EWN and Rapport reporters, Stephen Grootes and Pieter-Louis Myburgh, in an effort to make sense of the conundrum where Deputy President Cyril Ramaphosa has come out in support of Finance Minister Pravin ...

Rand seesaws as political clashes heat up - The South African

Last week's big news revolved around the fraud charges brought against Finance Minister, Pravin Gordhan. The Rand has been extremely volatile as Gordhan and his opponents traded blows throughout the week and into the weekend. By 1st Contact -.

Oakbay investigates suspicious transactions - Independent Online

Johannesburg - South Africa's Oakbay Resources & Energy, a company controlled by businessmen close to President Jacob Zuma, is investigating five of 72 transactions reported to authorities as suspicious. Finance Minister Pravin Gordhan has revealed in ...

Movement of millions withheld - Daily dispatch

The Department of Mineral Resources withheld information twice about the movement out of the country of hundreds of millions of rands involved in a Gupta-owned mine. Finance Minister Pravin Gordhan. DMR spokesman Ayanda Shezi in July dismissed two ...