{"id":7424,"date":"2018-11-27T14:34:40","date_gmt":"2018-11-27T14:34:40","guid":{"rendered":"http:\/\/amabhungane.org\/?post_type=stories&amp;p=7424"},"modified":"2018-11-27T14:34:40","modified_gmt":"2018-11-27T14:34:40","slug":"update-gupta-suitor-loses-claim-to-optimum","status":"publish","type":"post","link":"https:\/\/further.co.za\/amabwp\/update-gupta-suitor-loses-claim-to-optimum\/","title":{"rendered":"Update: Gupta suitor loses claim to Optimum"},"content":{"rendered":"<p>Charles King, the Swiss company suspected of acting as a front for Gupta family interests, has <a href=\"https:\/\/amabhungane.org\/wp-content\/uploads\/2018\/11\/181127_CK-v-BRPs_arbitration-award-OCR.pdf\" target=\"_blank\" rel=\"noopener\">lost an arbitration battle<\/a> to enforce an agreement to take ownership of the Optimum Coal group from Tegeta Exploration and Resources.<\/p>\n<p>Tegeta, once the crown jewels in the Gupta empire, is under business rescue and the Charles King application was opposed by the business rescue practitioners who were installed in February this year.<\/p>\n<p>Retired judge Nigel Willis ruled that the sale contract was validly canceled in April and that in any case the contract lapsed at the end of August when key conditions were not fulfilled.<\/p>\n<p><span style=\"color: #000;\">Investigative journalism takes time and money. Help us do more. <\/span><span style=\"color: #000;\"><a style=\"color: #000;\" href=\"https:\/\/amabhungane.org\/be-an-amab-supporter\/\" target=\"_blank\" rel=\"noopener\">Be an amaB Supporter.<\/a><\/span><\/p>\n<p>Read our <a href=\"https:\/\/amabhungane.org\/stories\/behind-coal-tug-of-war-more-gupta-strings\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\">original story<\/span><\/a> on why we think the deal was a sham from the start.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jewel in the Gupta crown slips away. <\/p>\n","protected":false},"author":2,"featured_media":21902,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[121,117,4,119,120],"class_list":["post-7424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stories","tag-charles-king","tag-eskom","tag-guptas","tag-optimum-coal","tag-tegeta"],"acf":[],"_links":{"self":[{"href":"https:\/\/further.co.za\/amabwp\/wp-json\/wp\/v2\/posts\/7424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/further.co.za\/amabwp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/further.co.za\/amabwp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/further.co.za\/amabwp\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/further.co.za\/amabwp\/wp-json\/wp\/v2\/comments?post=7424"}],"version-history":[{"count":0,"href":"https:\/\/further.co.za\/amabwp\/wp-json\/wp\/v2\/posts\/7424\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/further.co.za\/amabwp\/wp-json\/wp\/v2\/media\/21902"}],"wp:attachment":[{"href":"https:\/\/further.co.za\/amabwp\/wp-json\/wp\/v2\/media?parent=7424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/further.co.za\/amabwp\/wp-json\/wp\/v2\/categories?post=7424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/further.co.za\/amabwp\/wp-json\/wp\/v2\/tags?post=7424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}