Oakbay comments on the real reasons for finance minister’s court action

"The ulterior motives of the Finance Minister have been made very clear in Court today" - Ronica Ragavan, Acting CEO of Oakbay Investments

Ronica Ragavan, Acting CEO of Oakbay Investments (http://OakbayInvestments.co.za), comments on today’s events in Court: “The ulterior motives of the Finance Minister have been made very clear in Court today. He has used an irrelevant and fundamentally flawed list of transactions to further his warfare against Oakbay and its shareholders. Even…

Oakbay responds for calls to withdraw from Gordhan application hearing

"If anyone is to withdraw it should be the Minister" - Ronica Ragavan, Acting CEO of Oakbay Investments

Ronica Ragavan, Acting CEO of Oakbay Investments (http://OakbayInvestments.co.za), responds to calls from Jeremy Gauntlett, the Finance Minister’s lawyer, for Oakbay to withdraw from the application hearing: “Oakbay Investments has suffered unjustified and severe reputational damage as a result of the Minister’s application. His inclusion of the FIC report and Deputy…

Court Rules FIC Report and Jonas Affidavit Irrelevant to Gordhan Application

Oakbay calls again for information on 72 transactions

Ronica Ragavan, Acting CEO of Oakbay Investments (http://OakbayInvestments.co.za), responds to today’s events in Court: “We are delighted that the FIC report, Deputy Minister Jonas’s affidavit and any reference to either of them have been struck from the Finance Minister’s application. As the Court agreed, the report and the Jonas affidavit…

Oakbay Investments responds to Finance Minister Pravin Gordhan’s affidavit

Oakbay Investments (http://OakbayInvestments.co.za) today responded to the affidavit filed by South Africa’s Finance Minister, Pravin Gordhan. A spokesperson for Oakbay Investments said: “Today's affidavit is a case of reverse victim syndrome. The applicant proactively came after us and smeared our name with a flawed list of transactions - that he…

Video News Release: Oakbay lawyer gives video interview on explosive affidavit

Gert van Der Merwe, the lawyer for Oakbay Investments, has given a detailed interview on today’s affidavit in response to the application by Pravin Gordhan, the Finance Minister

Gert van Der Merwe, the lawyer for Oakbay Investments (http://OakbayInvestments.co.za), has given a detailed interview on today’s affidavit in response to the application by Pravin Gordhan, the Finance Minister. The full interview can be viewed here: http://apo.af/6PwmYr. Van Der Merwe has described the Minister’s application as “superfluous” and “riddled with…

Oakbay Investments calls on the High Court to dismiss Pravin Gordhan’s “bizarre” application

Independent report concludes there is not enough information on 72 “suspicious transaction reports” available to identify them in the books and records of Oakbay Group

Van der Merwe & Associates, lawyers for Oakbay Investments (www.OakbayInvestments.co.za), submitted an affidavit to the High Court in Pretoria in response to the application by Pravin Gordhan, the Minister of Finance. Highlights of the Oakbay Investments affidavit: The Minister’s superfluous application is riddled with factual and legal errors. The Minister’s…

Oakbay Investments Releases Affidavit Regarding FIC

Oakbay Investments is seeking details from FIC on 72 “suspicious and unusual” transactions that are alleged by the Finance Minister, Pravin Gordhan

Oakbay Investments (www.OakbayInvestments.co.za) has released the full affidavit submitted to the High Court of South Africa in Gauteng on November 25, 2016. The affidavit seeks to obtain an order from the Honourable Court, for Oakbay Investments to access information held by the Financial Intelligence Centre (FIC). Download the document: http://APO.af/XvyxGJ…

Oakbay Investments Sets the Record Straight on Optimum Coal Transaction

Yesterday, Oakbay (www.OakbayInvestments.co.za) received questions from media who speculated that the Business Rescue Practitioners for Optimum Coal Mine (“OCM”) may have alleged that a pre-payment made by Eskom was inappropriately used to fund part of the consideration for the acquisition of the shares of the seven target companies which at…

Oakbay Responds to Application by Minister of Finance

Yesterday afternoon, van Der Merwe Associates (“VDMA”) notified the Minister of Finance’s attorneys of their client’s (the Oakbay Group of companies) (www.OakbayInvestments.co.za) intention to oppose the application issued under case number 80978/16 on 14 October 2016 – unless the Minister of Finance withdraws the application and tenders costs by this…

Ajay Gupta and Oakbay Investments Delighted with Affidavit from Pravin Gordhan

Gupta Family lawyer, Van Der Merwe Associates, releases a statement on behalf of Mr. Ajay Gupta and Oakbay Investments (www.OakbayInvestments.co.za) in response to the affidavit from Pravin Gordhan. Highlights include: The Gupta Family (as majority shareholders) and Oakbay Investments are delighted to have been cited as respondents to the application…