JOHANNESBURG Oct 18 South Africa's Oakbay
Investments said on Tuesday that a court filing by Finance
Minister Pravin Gordhan implicating the firm and its owners, who
have close ties to President Jacob Zuma, in suspicious
transactions is flawed.
The statement comes days after Gordhan revealed in a court
affidavit that 6.8 billion rand ($491 million) in payments made
by Ajay, Atul and Rajesh Gupta and companies they control and
other individuals with the same surname have been reported to
authorities as suspicious since 2012.
(Reporting by Tiisetso Motsoeneng; Editing by James Macharia)