Former Glencore CEO Clinton Ephron has confirmed that former Minerals Resources Minister Mosebenzi Zwane was in Zurich, Switzerland, to negotiate for a R2.5 billion sale of Optimum to the Guptas.
ANC National Chairperson Gwede Mantashe has told the Commission of Inquiry into State Capture in Parktown, Johannesburg, that the Gupta owned company Oakbay Investments met with the governing party to persuade them to exert pressure on the banks to reopen the company’s accounts.
Nedbank CEO, Mike Brown says the bank communicated with representatives of the Gupta-linked companies before terminating their relationship.
The Commission of Inquiry into State Capture is seeking to establish why the banks decided to close the accounts belonging to the Guptas.
A South African Revenue Service lawyer has defended Commissioner Tom Moyane on allegations that he allowed a R70-million VAT refund to the Guptas.