Johannesburg – Oakbay Investments said claims that R1.3bn was paid from the Optimum Rehabilitation Trust are “untrue” and “defamatory”.
In a statement, the group confirmed that “no monies” had been removed from the fund. This follows reports over the weekend that transactions worth R6.8bn involving the Gupta family were featured in a court application filed by Finance Minister Pravin Gordhan. The Financial Intelligence Centre (FIC) deemed these transactions to be “suspicious” as they did not relate to legitimate business transactions.
Among the 72 transactions, Oakbay confirmed five were linked to the group. In its Sens announcement, Oakbay Resources and Energy stated that the company is in the process of investigating the five transactions and is working with regulatory authorities.