VR Laser shareholder forced to sell shares below market value, Zondo hears | IOL News

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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