Treasury’s battle with Guptas turns into open fight

According to thepublic protector's report, Ajay Gupta boasted to Deputy Finance Minister Mcebisi Jonas that his family had made R6 billion from the South African State and wanted to increase this amount but complained that National Treasury posed a stumbling block.

According to thepublic protector's report, Ajay Gupta boasted to Deputy Finance Minister Mcebisi Jonas that his family had made R6 billion from the South African State and wanted to increase this amount but complained that National Treasury posed a stumbling block.

Published Aug 29, 2016

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Johannesburg - The battle over the coal contracts between Eskom and the Guptas, which the National Treasury is investigating, has blown into an open fight.

This followed Treasury’s surprise revelation on Monday that the Guptas were taking it to court to block the release of the report into the politically connected family's coal contracts with Eskom.

Eskom had said on Sunday the findings by the Treasury into its coal contracts, amounting to hundreds of million of rands, was inconclusive.

Read: Guptas feeling the winds of change?

The power utility denied that the Treasury had finalised its probe into the contracts involving the Gupta family.

The Treasury said it was surprised by Tegeta, a Gupta-owned company, was going to court to block its release of the report on Eskom’s coal contracts.

It said the public has every right to know how its money was spent.

“It is Treasury’s view that a company or entity that is doing business with government and has nothing to hide should be transparent and welcome reviews of its dealings with the state,” said the Treasury.

“Members of the public also deserve to know how public finances are spent,” it said.

“It should therefore, concern all South Africans that there are efforts to block and undermine the reviews,” it added.

The Guptas said at the weekend they believed any report that is released in public must be accurate.

They added that they support the work that was done by the Treasury to grow the South African economy.

Political Bureau

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