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Seth Rotherham
  • Guptas Still Thriving – Land Arms Deal From Parastatal

    05 Feb 2016 by Sloane Hunter in Jacob Zuma, Money, Politics
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    Front page of the Mail & Guardian today slated a new controversial deal between the state-owned arms company Denel and the Gupta family. And, this comes during the week of torment that Zuma has felt after his own party placed pressure on him to sort his shit out.

    The parastatal’s permanent chief executive, chief financial officer and company secretary were all pushed aside to “clear the way for the deal” for the formation of a joint venture company – Denel Asia – the Guptas and some other shareholders. In September last year, it was claimed that the three members – CEO Riaz Saloojee, chief financial officer Fikile Mhlontlo and company secretary Elizabeth Africa – were placed on compulsory leave over rumoured cash flow problems. Cash flows into the wrong pockets, probably.

    Denel, however, has completely denied the claims. Obviously. Oh, the joys – and predictable plays – of corruption. Oh, but there’s more: Their partner in the Denel Asia deal is VR Laser.

    VR Laser you say? Here’s the real juice:

    In 2014, City Press reported that Zuma’s son, Duduzane together with Rajesh “Tony” Gupta, had a 25.1% stake in VR Laser through Craysure Investments – which is wholly owned by Westdawn Investments. And the directors of Westdawn? Gupta and Zuma. Oh, and Westdawn and Crasure share offices in Midrand.

    Guys, come on. WHAT THE ACTUAL? This is in front of our eyes and yet nothing is being done.

    [source: news24]

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