DA refuses to intervene in banks’ standoff with oakbay

Leonie Pretorius

25 April 2016

The Democratic Alliance has alledgedly turned down a request to meet the CEO of Gupta-linked company, Oakbay Investments.

 In a letter addressed to party leader Mmusi Maimane, Nazeem Howa asked him to appeal to several banks to review their decision to close Oakbay’s bank accounts because it may lead to significant job losses.

 But the party has dismissed the request as inappropriate.

Last week, it emerged that the ministers of finance, mineral resources and labour would be interacting with the banks to discuss the account closures.

 Members of the Gupta family have allegedly resigned from all non-executive and executive positions in the company.