The Asset Forfeiture Unit has seized properties, cars and aircraft linked to the politically connected Gupta family worth more than R250m, according to the National Prosecuting Authority. The assets included
Browsing: Nazeem Howa
On the same day that people linked to the three politically connected Gupta brothers were granted bail by a South African court after appearing on graft charges, one of the siblings, Ajay Gupta, was declared a fugitive. Varun
Nazeem Howa stepped down as CEO of Oakbay Investments, a Johannesburg-based holding company owned by the Gupta family, on Monday citing health reasons. The announcement came four days after finance minister Pravin
Gupta-owned Oakbay Investments on Thursday said it derived R233m from its total revenue of R2,6bn from government business. This is according to a statement released by the group detailing its revenue for the financial year ended
A judicial commission of inquiry into banks is the best way to shed light on the reasoning behind their decision to close off accounts with Oakbay Investments, said CEO Nazeem Howa. In a teleconference with the media, Howa expressed
South African regulators are seeking details from India’s Bank of Baroda of accounts belonging to businesses owned by the Gupta family, intensifying scrutiny of the friends of President Jacob Zuma, according to a person close to the
The SABC is right to implement a ban on showing visuals of violent public protests, says Oakbay Investments chief executive officer Nazeem Howa. In an interview about his company’s controversial
Employees of Gupta-owned Oakbay Investments marched to major banks on Tuesday to demand that the company’s accounts be reopened. Armed with placards with phrases such as
Jeff Radebe, minister for planning, monitoring & evaluation, opened a can of worms on Thursday when he said three cabinet ministers held meetings with South Africa’s four big banks to get reasons why they decided to close the bank account of the
About 7 500 employees at Oakbay Investments will lose their jobs at the end of May if the Gupta-owned company’s bank accounts remain closed, staff at the company wrote in an open letter