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Read on www.mineweb.com about the SAP’s raid on offices of Imperial Crown Trading and of the Department of Mineral resources over the alleged corrupt issuance of rights to part of the huge Sishen iron ore deposit.

Read the full report on the website, here

The Mail & Guardian newspaper also reported on the matter, saying that the “dramatic raids in which the Hawks seized evidence from mining company Imperial Crown Trading (ICT), the department of mineral resources and the state attorney’s office may affect people close to both President Jacob Zuma and his deputy, Kgalema Motlanthe”. “Both Jagdish Parekh, a top lieutenant of Zuma benefactors the Gupta family, and Gugu Mtshali, Motlanthe’s partner, are among people of interest to the investigation, according to the search warrants used in the raids. Parekh and Mtshali are shareholders in ICT

Please read the full report here

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