Ajay Gupta 'used political clout' to grab company linked to Motlanthe's wife

  • 📰 TimesLIVE
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 59%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

StateCaptureInquiry | Njenje said Gupta had 'demanded' a 90% stake of ICT - without paying a cent - for the use of his influence to secure the mining rights.

Njenje told the commission:"They [Mtshali and Luhlabo] were fuming. They informed me they had just been to a meeting. They said they were called to Saxonwold by Ajay Gupta and [Gupta] told them that he wants 90% of ICT - they must give him 90% of ICT because he is the only person who has the financial muscle and the political backing to get that award [of prospecting rights] granted."

Describing that meeting, Njenje said Gupta had"demanded" a 90% stake of ICT - without paying a cent - for the use of his influence to secure the mining rights. He said Gupta told them that he was"not taking the company" but was going to"help" ICT. Otherwise, he warned,"they are going to walk away with nothing - and 10% is better than nothing".

They eventually agreed that the Gupta-owned JIC Mining Services would acquire 50% of ICT, free of charge.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 28. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Guptas not active in Mandela Mbeki administrations?

Anyone can go to that commission and say what they want without any proof being required. We who have proof are shunned by this commission. It's a farce

Mara, don't you ever get tired of this gossip?

Shame maarn, even Mme Mtshali former Pres Mothlante's partner was also not left out from bully tactics of Guptas. She needs to be invited to StateCaptureInquiry

How Dumb are they to have aloud any of these DEAILS ever O yes GREED MONEY MONEY MONEY. NOW IT'S BACKFIRED AND SA GONE!!!

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines