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PRESS RELEASE

Oakbay and the IDC -  Statement by Minister of Economic Development

Note to Editors:
The Minister of Economic Development, Ebrahim Patel, today tabled a written reply in
the National Assembly to a question on alleged share-price manipulation by persons
linked to the Gupta family in respect of Oakbay Resources and its impact on the
Industrial Development Corporation (IDC), that appeared on the Order Paper yesterday
for Oral Reply, but was not considered due to the expiry of the allotted time.

 

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The Economic Development Department wishes to advise members of the public, particularly those in business, to be alert to a scam utilizing the logo of the Economic Development Department. The fraudsters involved send unsuspecting business operators a Request for Quotations for the provision of Solar Panels.

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