Pahad break not acrimonious: Gupta

2011-08-07 22:25
Johannesburg - The breaking of business ties between former minister in the presidency Essop Pahad and the Gupta family is by choice and is not acrimonious, Atul Gupta said on Sunday.

"Dr Essop Pahad, who has given his life to the struggle for democracy in this country, decided to reduce his work activities to enjoy more family time," Gupta wrote in a letter to the editor of the Sunday Times, which was sent to Sapa.

The Sunday Times reported that Pahad and the Guptas had severed their business ties.

Pahad resigned as a director of Gupta-owned TNA Media - owners of the New Age newspaper - one or two weeks ago, the newspaper wrote.

Pahad's own political magazine, The Thinker, had lost all its funding from the Guptas.

He told the Sunday Times the Guptas had asked him to stay on.

In his letter, Gupta said he was unhappy with the newspaper's reporting of the matter.

The TNA board had accepted Pahad's resignation "reluctantly", he wrote.

"Again, there was nothing sinister in the request - only the desire by Dr Pahad to spend time with his first grandchild," he said.

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