Oakbay
Oakbay in court bid to challenge seizure of assets worth R180m
The case relates to the ongoing Estina dairy farm investigation which last month saw the AFU freeze 43 properties, as well as three aircraft and numerous luxury...
The practitioners had turned to the High Court after the Gupta family prevented them from accessing a server with the information of eight companies, including Oakbay.
The Daily Maverick’s investigative unit Scorpio is reporting that the refund was paid to Oakbay Resources against the advice of Sars officials and applicable legislation.
The Bank of Baroda told the High Court that it cannot be forced to continue to operate in the country for the sole benefit of a handful of companies.
Economic Development Minister Ebrahim Patel revealed on Thursday that the IDC had cancelled its loan agreement with the Gupta company.
James Gubb executed a series of trades in Oakbay shares which when plotted visually give the controversial family the middle finger.
The Gupta-owned companies applied to stop the Bank of Baroda from closing their accounts.
Bongani Bingwa speaks to Caxton professor of journalism at Wits, Anton Harber, about Mzwanele Manyi’s latest purchase of the Gupta media companies.
The High Court in Pretoria says it’s concerned that while Oakbay knew that Pravin Gordhan didn’t have the legal authority to intervene in their fight with the banks, they still persisted in their request for his assistance.
An investigation by amaBhungane and the 'Daily Maverick' in June claimed the Gupta family entered kickback agreements totalling R5.3 billion with China South Rail.
Bell Pottinger has been in the firing line after a trove of leaked emails laid bare the work it did for the Gupta Owned Oakbay company.
The Helen Suzman Foundation, Section 27 together with Save SA says they want to assist with all the probes into the United Kingdom agency by adding a South African perspective.
After receiving the DA’s complaint, the PRCA gave Bell Pottinger until 6 pm last night to make written submissions.
SAP executive board member Adaire Fox-Martin says this investigation will be conducted entirely transparently and with full integrity.
A picket has been organised by the Democratic Alliance (DA) that has also lodged complaints with two regulatory UK bodies.
Bell Pottinger has apologised for some of the work done, adding it has sacked the lead partner on the account and suspended three other employees pending an investigation.
The DA’s Phumzile van Damme says the Public Relations and Communications Association has been in contact with the party.
The company has sacked one employee and suspended three others, admitting the campaign was offensive.
The Oakbay board says it’s in the best interests of the company and shareholders that the listing of its securities is temporarily suspended.