United Kingdom public relations agency Bell Pottinger cut ties with Gupta-owned Oakbay last week, the Financial Times reported on Wednesday. Oakbay “agreed the termination of the contract just over a week ago,” the UK-based business newspaper reported. Bell Pottinger told FT that it was ending the relationship after becoming “the[…]
Standard Bank has filed an explosive affidavit in the High Court in Pretoria appealing for protection against executive interference in the bank and detailing the extensive political pressure it came under from the ruling ANC party‚ Cabinet ministers and Oakbay after its closed the company’s accounts. BusinessLIVE reports the affidavit[…]
The chief executive of Oakbay Investments said on Thursday one of the four banks he had approached to restore ties with the Gupta-owned company had declined to set up a meeting, saying it saw “no reason to meet”. Nazeem Howa declined to name the bank. Oakbay is scrambling to restore[…]
Members of the Gupta family, who are friends of South African President Jacob Zuma, haven’t fled the country following a wave of controversy surrounding their alleged influence over the nation’s leader. “They are not hiding,” Nazeem Howa, the chief executive officer of Oakbay Investments Ltd., said Monday in an interview[…]
The Guptas and President Jacob Zuma’s son Duduzane Zuma on Friday announced their resignation from Oakbay Investments and Oakbay Resources and Energy. This family, which owns Oakbay, includes Atul, Ajay, Chetali, Rajesh “Tony”, Arti and Varun Gupta. Ajay and Atul were the co-chairs of Oakbay Investments, while Atul was the[…]
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