Treasury tells Oakbay Investments, see you in court

National Treasury has released a statement saying they will not respond to comments made by Oakbay Investments about the affidavit presented to the court by Finance Minister Pravin Gordhan.

Treasury says it has no intention of conducting the case in the court of public opinion.

On Tuesday Gupta Family lawyer, Van Der Merwe Associates, released a statement on behalf of Ajay Gupta and Oakbay Investments in response to Gordhan's affidavit. It referred to Gordhan's affidavit and allegations as 'undiluted nonsense.'

Gordhan's affidavit revealed that R6.8 billion made in payments by Gupta brothers and firms they control have been reported to authorities as suspicious over the past four years.

They are saying basically, they are not going to respond. The Oakbay group needs to file their answering affidavits. They will respond to that in a public court.

Gia Nicolaides, EWN reporter

They also said that the minister provided this information in his affidavit, and he did not interpret it. As we know that these suspicious were in the Financial Intelligence report, and the minister made this public by filing it in his report.

Gia Nicolaides, EWN reporter

Hear more about the statement from Gia Nicolaides below...


Recommended

by NEWSROOM AI
Read More
10 business tips to boost you through a tough economy

10 business tips to boost you through a tough economy

Business growth specialist, Pavlo Phitidi tracks down previously profiled businesses and advises them on their next level growth.

Guptas are 'delighted' to be named in Gordhan affidavit

Guptas are 'delighted' to be named in Gordhan affidavit

Guptas and Oakbay Investments say court papers are flawed and describe Gordhan's allegations as 'undiluted nonsense.'

Guptas defiant in the face of fresh revelations about cabinet jobs

Guptas defiant in the face of fresh revelations about cabinet jobs

The controversial family says no member or a representative has offered anyone in government a job.

Thabo Mbeki Foundation statement on links with Gupta family

Thabo Mbeki Foundation statement on links with Gupta family

The foundation says the former president did not at any point introduce the Gupta family to President Zuma.

Guptas call it quits on SA businesses

Guptas call it quits on SA businesses

The Gupta family has announced it plans to sell all South African shareholding before the end of the year.

[LISTEN] Van Breda's call to emergency services: 'My family and I were attacked'

[LISTEN] Van Breda's call to emergency services: 'My family and I were attacked'

The chilling call Henri van Breda made to emergency services on the night his mother, father and big brother were hacked to death.

Popular articles
[LISTEN] Father shares how he shot the man who raped his daughter

[LISTEN] Father shares how he shot the man who raped his daughter

Johannesburg father, Chris says he had just come back from work when he walked in on an employee raping his 17 year old daughter.

Why the PAC wants South Africa renamed Azania

Why the PAC wants South Africa renamed Azania

Pan Africanist Congress's Narius Moloto explains why it supports the name Azania, a word which he says has Arabic origins.

Is the lovable Winnie The Pooh a boy or girl?

Is the lovable Winnie The Pooh a boy or girl?

A trending Twitter debate has left social media users arguing over whether Winnie the Pooh is a girl or boy.

UPDATE: Chilling WhatsApp from Marli van Breda's ex-boyfriend read out in court

UPDATE: Chilling WhatsApp from Marli van Breda's ex-boyfriend read out in court

Marli van Breda's ex took the stand in the trial of triple murder accused Henri van Breda.

Douw Steyn is one of Africa’s richest (yet you may not have heard of him)

Douw Steyn is one of Africa’s richest (yet you may not have heard of him)

Bruce Whitfield interviews Forbes Africa's Chris Bishop to find out more about this lesser known South African billionaire.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?