ARTICLES RELATING TO VR LASER

Gordhan flags VR Laser targeting of Denel in state capture affidavit

2018-11-05 22:05

Minister of Public Enterprises Pravin Gordhan did not mince his words when defending himself against what he called public attacks on him from Mantsha.

Court throws out Numsa application against VR Laser auction

2018-09-18 18:01

The High Court in Johannesburg has thrown out an urgent application by the National Union of Metalworkers of SA to try and prevent the sale of assets of VR Laser Services.

Aurora director faces music almost 10 years later

2018-07-15 06:09

The liquidators of the infamous Aurora Empowerment Systems have launched a sequestration application against Aurora director Thulani Ngubane after he resurfaced to make a “strikingly similar” bid to take control of the Gupta-linked VR Laser.

Why Transnet board committee's Iqbal Sharma must be prosecuted - report

2018-06-19 12:51

Iqbal Sharma, chairperson of the Transnet board's acquisitions and disposals committee had a conflict of interest in the tender to build 1 064 locomotives, according to a report by MNS Attorneys.

Unconventional accounting at Gupta-owned VR Laser

2018-06-17 07:07

Gupta-owned VR Laser has been running on borrowed money for years and employing unconventional accounting to downplay losses.

Anxious week for 300 staff of VR Laser

2017-09-03 06:00

It will be an anxious week for 300 employees of VR Laser (VRL).

Denel cuts ties with Gupta-linked VR Laser

2017-08-25 15:07

Denel’s decision to cut ties with VR Laser sends a message of the commitment by state owned enterprises to good governance, says Finance Minister Malusi Gigaba.

'Denel is not captured by anyone' - board chair

2017-05-24 18:46

Denel is fighting perceptions created by fake news, says its board chair Daniel Mantsha, insisting the company has not been captured by anyone, including the Gupta family.

Gigaba halts Denel's deal with Gupta-linked firm - report

2017-05-07 12:09

Finance Minister Malusi Gigaba has reportedly put halted a multi-billion transaction between state-owned arms manufacturer Denel and Gupta-linked VR Laser Asia.

Denel unqualified audit questioned

2016-10-12 12:53

DA MP Natasha Mazzone has asked the auditor general to explain why state-owned entity Denel received an unqualified audit, while it contravened the Public Finance Management Act.

 

Last gasp for Guptas' VR Laser

2018-09-23 10:58

A last-ditch attempt to stop the winding down of the Gupta family’s VR Laser was squashed in court this week, clearing the path for its business rescue practitioners to auction off the company’s machinery.

Numsa heads to court to stop asset sale of Gupta-linked VR Laser

2018-09-18 05:45

The National Union of Metalworkers of SA is heading to the high court to try and save the jobs of its members by preventing the sale of assets of VR Laser.

VR Laser to wind down as rescue fails

2018-07-08 08:22

The premises of VR Laser Services, one of eight Gupta family-owned companies under business rescue, have been gutted, according to the company’s recently departed financial manager Claire Tomsett.

Aurora directors in Gupta-VR Laser 'scam'

2018-06-17 09:01

‘Fake’ and ‘absurd’ offer of R250m to buy firm out of business rescue collapses.

EXCLUSIVE: Gupta lieutenant Salim Essa in last gasp R70m bid to 'save' VR Laser

2018-06-14 09:16

The offer came minutes before creditors for the Boksburg-based engineering company were about to vote for liquidation.

OUTA guns for Denel chair in fresh legal bid

2017-09-01 20:00

Civil rights body OUTA has lodged complaints of fraud and corruption with police against Denel chairperson Dan Mantsha over his alleged involvement in state capture.

How Denel stand-off with Treasury started amid NeneGate

2017-06-15 07:51

Treasury has provided a detailed timeline of its correspondence with Denel regarding its Asia venture.

Court must dismiss Denel bid with costs, says Treasury

2017-05-16 19:10

National Treasury has asked a court to dismiss Denel's application in which it sought the court to force Treasury's hand to stamp its joint venture with Gupta-linked VR Lazer Asia.

Gupta-linked VR Laser mum on bank account closures

2017-02-03 13:39

VR Laser's CEO has declined to comment on the Bank of China's decision to sever ties with the company.

Denel and Treasury still at war over VR Laser deal

2016-08-30 07:48

Reports indicate that Treasury will take legal action against Denel over a deal with VR Laser, despite Denel saying it has "closed its books" on the matter.

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