Oakbay loses head of audit committee

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Published May 12, 2017

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Cape Town - Oakbay Resources and Energy, which is owned by the controversial Gupta family, said on Friday that Mark Pamensky, independent non-executive director and chairman of the audit committee, had resigned with effect June 10. 

The statement added that Pamensky was also a member of the company's risk; nomination; and social, ethics and remuneration committees. 

The Gupta family has suffered a series of blows, including the loss of senior staff and banking facilities, amid allegations of political meddling and state capture. 

Read also:  JSE cancels Oakbay trades, starts probe

AFRICAN NEWS AGENCY 

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