Guptas resign as leaders of Oakbay Resources; Zuma leaves Shiva

Oakbay Resources & Energy Ltd. said Atul Gupta resigned as non-executive chairman while Chief Executive Officer Varun Gupta will also leave the South African company following “a sustained political attack on the company.”

The producer also said that Duduzane Zuma, son of South African President Jacob Zuma, has resigned as a non-executive director of Shiva Uranium, a unit of the company, it said in a statement Friday.

Jacob Zuma’s political position has been undermined by allegations by senior African National Congress officials that the Guptas, who are his friends, offered them cabinet posts in exchange for business concessions. The ANC leadership is currently investigating those accusations, which the Gupta family denies.

– Bloomberg