Gup­tas file af­fi­davit against Pravin

The Star Early Edition - - COMPANIES -

LAWYERS act­ing on be­half of Oakbay In­vest­ments – which is owned by the con­tro­ver­sial Gupta fam­ily – on Fri­day filed an af­fi­davit with the high court in Pre­to­ria. The af­fi­davit, in re­sponse to one lodged by Fi­nance Min­is­ter Pravin Gordhan last year, said Gordhan’s af­fi­davit was flawed. In a state­ment is­sued by lawyers Van der Merwe & As­so­ciates Oakbay ar­gued that Gordhan’s “su­per­flu­ous ap­pli­ca­tion is rid­dled with fac­tual and le­gal er­rors”. In Oc­to­ber, Gordhan re­vealed in a court af­fi­davit that R6.8 bil­lion in pay­ments made by Ajay, Atul and Ra­jesh Gupta, com­pa­nies they con­trolled and other in­di­vid­u­als with the same sur­name, had been re­ported to the au­thor­i­ties as sus­pi­cious since 2012. On Fri­day, Oakbay said Gordhan’s “re­liance on the list of 72 pur­ported ‘sus­pi­cious trans­ac­tion re­ports’ is mis­placed and the min­is­ter’s ap­pli­ca­tion is sup­ported by a flawed anal­y­sis and a faulty fac­tual record”. The state­ment added that Oakbay has never sug­gested that the min­is­ter is re­quired to in­ter­vene in the bankcus­tomer re­la­tion­ship. Visit www.bus­ – Busi­ness Re­porter


Min­is­ter of Fi­nance Pravin Gordhan.

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