Johannesburg - The Zondo commission has heard how a shareholder of Gupta-linked VR Laser was forced out of the company and pressured to sell his shares for less than the market value.
When he returned to South Africa he met with Essa who introduced him to his business partner Iqbal Sharma. From then on Jiyane said he was sidelined and his staff was instructed to report to the men and not to him. A few weeks later, in February 2014, Jiyane said he was forced to sell his shares in the company when it became clear that he was not wanted.
Denel, whose board was chaired by Daniel Mantsha - who has been accused of working with the Guptas, signed off on the deal
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Denel joint venture with company owned by Gupta ally 'made no sense', state capture commission toldFormer Denel board chair Martie Janse van Rensburg says the joint venture between the state armaments company and VR Laser, a company owned by an associate of the Gupta family, did not 'make commercial sense' Again it was under the watch of an Government official.
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