Johannesburg - Public Enterprises Minister Pravin Gordhan says the Denel Asia joint venture was created specifically to rob state-owned entity Denel of its intellectual property.
Denel Asia was to be a joint venture between VR Laser Asia, which was owned by Gupta associate Salim Essa, and state armed manufacturer Denel.
VR Laser South Africa was owned by Duduzane Zuma and Rajesh Gupta.
Gordhan told the state capture inquiry during his testimony on Monday that the Denel board was captured.
When asked how he concluded this, he cited the investigation by Amabhugane which showed how various Denel board members were regulars in Dubai and had their personal expenses paid by the Guptas.
There was collusion between the Guptas and the Denel board led by Daniel Mantsha, who is now former president Jacob Zuma’s lawyer, Gordhan revealed.