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South Africa's Gupta-owned Oakbay to oppose Gordhan application - lawyers

Reuters  |  JOHANNESBURG 

JOHANNESBURG (Reuters) - South Africa's Investments will oppose Finance Minister Pravin Gordhan's application linking the firm and its owners, who have close ties to President Jacob Zuma, to suspicious transactions, its lawyers said on Wednesday.

Gordhan said in a affidavit that 6.8 billion rand ($491 million) in payments made by members of the Gupta family and companies they control had been reported to authorities as suspicious since 2012.

(Reporting by Tiisetso Motsoeneng; Editing by James Macharia)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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South Africa's Gupta-owned Oakbay to oppose Gordhan application - lawyers

JOHANNESBURG (Reuters) - South Africa's Oakbay Investments will oppose Finance Minister Pravin Gordhan's court application linking the firm and its owners, who have close ties to President Jacob Zuma, to suspicious transactions, its lawyers said on Wednesday.

JOHANNESBURG (Reuters) - South Africa's Investments will oppose Finance Minister Pravin Gordhan's application linking the firm and its owners, who have close ties to President Jacob Zuma, to suspicious transactions, its lawyers said on Wednesday.

Gordhan said in a affidavit that 6.8 billion rand ($491 million) in payments made by members of the Gupta family and companies they control had been reported to authorities as suspicious since 2012.

(Reporting by Tiisetso Motsoeneng; Editing by James Macharia)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

South Africa's Gupta-owned Oakbay to oppose Gordhan application - lawyers

JOHANNESBURG (Reuters) - South Africa's Investments will oppose Finance Minister Pravin Gordhan's application linking the firm and its owners, who have close ties to President Jacob Zuma, to suspicious transactions, its lawyers said on Wednesday.

Gordhan said in a affidavit that 6.8 billion rand ($491 million) in payments made by members of the Gupta family and companies they control had been reported to authorities as suspicious since 2012.

(Reporting by Tiisetso Motsoeneng; Editing by James Macharia)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

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