Guptas Haven't Fled South Africa, Says Oakbay's Howa

The Gupta family, friends of South African President Jacob Zuma who have been accused of offering cabinet positions to government officials, have not left the country, according to Oakbay Investments CEO Nazeem Howa in an exclusive interview with Bloomberg. The Rapport newspaper had reported their private jet took off from Lanseria Airport for Al Maktoum International Airport in Jebel Ali, about 37 kilometers (23 miles) southwest of Dubai, citing flight data and an unidentified eyewitness at a Johannesburg airport. Atul and Varun Gupta resigned as Chairman and Chief Executive Officer of Oakbay Resources and Energy Ltd. on Friday, citing a “sustained political attack.” The resignations followed a decision by financial-services groups including accounting firm KPMG LLP to drop Oakbay and other Gupta-controlled businesses as clients. Howa joined “On the Move” host Guy Johnson in London and Bloomberg’s Hans Nichols in Berlin for more.

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