Johannesburg – Gupta Family lawyer, Van Der Merwe Associates, releases a statement on behalf of Mr. Ajay Gupta and Oakbay Investments in response to the affidavit from Pravin Gordhan.
– Six transactions (totalling R4,096 billion) refer to the Optimum mine before it was under Oakbay’s control and so were not transacted by Oakbay or the Family
– 24 transactions (totalling R325 million) are perfectly legitimate, are in the normal course of business and are not suspicious in any way
– Five transactions (totalling R1,698 billion) relate to Oakbay Resources and Energy, the listed entity. These are perfectly legitimate and all information is being supplied to its auditor, SizweNtsalubaGobodo, for review
– Another 20 vaguely refer to ‘multiple transactions’ that makes any further analysis impossible without further detail from the Finance Minister
To reiterate, we are delighted to have received this application. The truth always comes out in the end and we look forward to clearing our name in court.