Oakbay Responds to Application by Minister of Finance
19 October 2016
Yesterday afternoon, van Der Merwe Associates (“VDMA”) notified the Minister of Finance’s attorneys of their client’s (the Oakbay Group of companies) intention to oppose the application issued under case number 80978/16 on 14 October 2016 – unless the Minister of Finance withdraws the application and tenders costs by this afternoon – Wednesday 19 October.
[The law firm Van der Merwe Dorning and Associates - trading name VDMA - has written to point out that they do not act for or represent any member of the Gupta family or any of their business entities, including but not limited to Oakbay Investments and Optimum Mine trust. The use of the abbreviation "VDMA" to refer to "Van der Merwe & Associates"/"Gert van der Merwe" is thus improper, and should be desisted from by the media. - Politicsweb.]
VDMA’s letter noted that the Minister of Finance’s affidavit implicated its clients in inappropriate and unlawful conduct. The affidavit also insinuated that VDMA’s clients would “expose the fiscus not only to loss of tax revenue but also put the burden of mining rehabilitation on the fiscus.” which VDMA noted was“uncalled for, malicious and nothing but vexatious.”
VDMA’s client disproved this earlier this week with evidence of the transfer of the Optimum Rehabilitation Trust Fund from Standard Bank to Bank of Baroda, which followed a request by Advocate Thuli Madonsela on 4 October 2016.