Atul Gupta denies links to white monopoly capital debacle


File: Indian businessmen, Ajay Gupta and younger brother Atul Gupta and Oakbay MD Jagdish Parekh at a Business Day interview in Johannesburg on 2 March 2011, regarding their professional relationships.

JOHANNESBURG - One of the Gupta brothers, Atul said the family never asked the British PR firm, Bell Pottinger, to spread the ideology of white monopoly capital.

In an interview with BBC Radio on Tuesday, Atul Gupta said he does not know where the phrase comes from.

"White monopoly capital, if you go and search any revolutionary speech in this country, has always existed. I don’t know where this narrative comes from. I don’t think its from any one of our professional advisors. I don’t think so – I will be shocked. It’s very unheard of. They [Bell Pottinger] are very professional people. I believe they should not do anything like that, neither us nor them," he said.

Gupta also disputed the authenticity of the so-called #GuptaLeaks - hundreds of thousands of emails and documents revealing the extent of the Guptas' influence over government and state-owned enterprises.

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The co-founder of Bell Pottinger, Lord Bell was also interviewed. He said that while he has always been able to defend his clients, as well as the work he did for them, he is not able to do that with the Guptas. 

Lord Bell said the Guptas flew him to Cape Town in their private jet to brag about their wealth.

Bell said during their meeting, it became clear that Atul Gupta wanted to mount a campaign to encourage black economic empowerment.

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He said Atul Gupta felt he was stopped from doing business because he was a wrong colour.

You can listen to the BBC Radio interview here

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