Oakbay Investments: We have done nothing wrong

2016-08-27 12:36

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Johannesburg – Oakbay Investments and Tegeta on Saturday said they strongly believe they have done nothing wrong with regards to its contracts to supply Eskom with coal from the Brakfontein mine.

In a statement the Gupta-owned company claims that they have been subject to the media “creating a narrative that Oakbay’s mining activities represent a conflict between the Company’s majority stakeholders and the Treasury”.

"We strongly believe we have done nothing wrong and have followed every policy and process correctly and have no issue with government or a regulatory body reviewing our activity,” the statement reads.

According to the statement, at the time of the Treasury’s request to release its report, Tegeta offered to participate and assist with the provision of relevant facts and accurate data ahead of the release of the report.

“We believe that any report publicly released should be accurate. We also believe that our input would enhance its accuracy ahead of the report being made public.”

Furthermore, Oakbay Investments said that the companies within the group don’t have any direct relationship with Treasury.

Read more on:    treasury  |  oakbay  |  gupta family  |  johanneburg

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