2 February 2022
According to the state capture report, Lynne Brown allowed the Guptas to enter into business with Denel through a joint venture.
This is detailed in the second instalment of the Zondo Commission’s report, which focuses on Denel and Transnet.
The report has made scathing findings against Brown, placing her at the centre of capture at Denel.
Brown , during her tenure as Public Enterprises Minister, has been found to have steered Denel business towards the Gupta family.
The state capture report into Denel states that she presided over Denel as minister when it launched its Gupta joint venture, Denel Asia, without approval from the Finance Minister.
It further states that momentum for the joint venture appears to have built after Brown appointed a new board, retaining only one member Johannes Motseki.
Motseki was found to be a Gupta business partner who was allocated shares in Gupta-led consortium to buy a mining company.
The report further notes how Denel’s financial problems coincided with changes made by Brown.
Source EWN
Look for Cii Radio on Instagram, Facebook, Twitter & Tik Tok, Soundcloud & YouTube for more great content.
