Denel-Gupta: DA requests proof of PFMA adherence in VR Laser venture
11 May 2016
Today the DA has requested that we be furnished with documents relating to the Public Finance Management Act (PFMA) compliance between Treasury and Denel in the dodgy VR Laser joint venture. This deal has direct links to Duduzane Zuma and the Guptas.
The DA has also requested a joint meeting with Treasury, the Department of Public Enterprises (DPE) and Denel.
It simply cannot be ignored that VR Lazer SA is 64.9% owned by a Gupta business partner, Mr Salim Essa, and partially owned (25.1%) by a company, Westdawn Investments, whose majority shareholders are Duduzane Zuma and Rajesh Gupta. Or the fact that VR Lazer Asia is owned by Mr Salim Essa .
It also cannot be ignored that Denel was blacklisted for 10 years in India and this is being used as the motivation for this joint venture in Asia.