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Spin or not? I'll get an H for state capture, says Gupta firm CEO

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Oakbay chair Atul Gupta and President Jacob Zuma at a Protea vs India T20 cricket match in Johannesburg in 2012. (Photo: GCIS)
Oakbay chair Atul Gupta and President Jacob Zuma at a Protea vs India T20 cricket match in Johannesburg in 2012. (Photo: GCIS)

Cape Town – Oakbay Investment CEO Nazeem Howa flatly denied that the Gupta-owned company was involved in “state capture”.

The African National Congress announced recently that it would investigate the Gupta-owned companies to test allegations that they use political influence to score government business contracts.

The Guptas, who are close family friends with President Jacob Zuma, have been accused of selecting ministers for Zuma to appoint based on promises they will assist the Guptas in their business dealings.

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