Zondo commission to hear how the Guptas nabbed their Optimum coal mine | News | National | M&G

The Zondo commission of inquiry into state capture will on Wednesday hear details about the Gupta family’s controversial acquisition of the Optimum coal mine.

The Zondo commission of inquiry into state capture will on Wednesday hear details about the Gupta family’s controversial acquisition of the Optimum coal mine, which was nabbed from mining company Glencore with the help of a large prepayment from Eskom.

Without that resolution the infamous Gupta family, which had been denied loans by banks just hours before, would have missed the deadline to deposit the R 2.1-billion required to conclude the transaction. Treasury’s investigators also found that Eskom failed to levy any penalties against Tegeta’s Brakfontein mine for supplying the utility’s Majuba power station with dodgy coal.

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