Guptas conceded - EFF

2016-04-10 09:29
(Photo: file, AFP)

(Photo: file, AFP)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories


WATCH: Gupta business calls on government

2016-04-08 19:55

Company may not be able to pay staff since fallout with banks.WATCH

Cape Town - The Gupta family leaving the country is a clear sign that the controversial businessmen have conceded, the Economic Freedom Fighters said on Sunday.

And now the party is eyeing the removal of President Jacob Zuma.

“Our motto [remains] that Zupta must fall,” EFF spokesperson Mbuyiseni Ndlozi insisted.

He alleges the family is in a “corrupt relationship with the president and other ministers based on looting the state, the only institution directly in the hands of the black majority”.

“There is a significant level of corruption to undo political autonomy.”

The party, which previously called the president a “stooge of the Gupta family”, has even released a house music track titled #ZuptaMustFall.

City Press on Sunday reported that Ajay and Atul Gupta left South Africa for Dubai on Thursday after the family was seen leaving Lanseria Airport "with a mountain of luggage".

The Guptas and President Jacob Zuma's son Duduzane Zuma on Friday announced their resignation from Oakbay Investments and Oakbay Resources and Energy.

Fin24 reported that the decision to resign with immediate effect "follows a sustained political attack on the company, and the concern that the jobs and livelihoods of nearly one thousand employees would be at immediate risk as a result of the outgoing director’s association with the company", Oakbay Resources said.

The Guptas in a statement said they had taken the decision to resign all executive and non-executive positions held in Oakbay Investments on Thursday following a “period of sustained political attack on our family and our businesses”.

“Oakbay’s executive committee and the CEOs of each of the businesses will continue to oversee the management and running of the business and all portfolio companies going forward," they said.

Ajay and Atul were the co-chairs of Oakbay Investments, while Atul was the chair of Oakbay Resources and Energy. Varun Gupta was the CEO of Oakbay Resources and Energy, while Duduzane Zuma was a director of Shiva Uranium.

The family has come under increasing pressure due to allegations that they influenced President Jacob Zuma's appointment of Mines Minister Mosebenzi Zwane and former finance minister Des van Rooyen, as well as offering ministerial posts to Deputy Finance Minister Mcebisi Jonas and former ANC MP Vytjie Mentor.

The allegations are that in return for these positions, these ministers would ensure the Guptas received government business and contracts, resulting in "state capture".

Oakbay's auditor KPMG, their banks FNB and Absa and their sponsor Sasfin Capital all cut ties with the Guptas in March.

Mentor on Saturday shared a photo of City Press’s front page teaser, commenting: “I told you they have left!”

Read more on:    anc  |  eff  |  oakbay  |  atul gupta  |  jacob zuma  |  duduzane zuma  |  mbuyeseni ndlozi  |  dubai  |  uae  |  gupta family

Inside News24

Most Read
News In Your Area
Top Lifestyle

Matric Results are coming soon!

Notify me when results become available

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.