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Gupta brothers (Ajay, Atul and Rajesh)


Displaying 61-70 out of 94 results.

Power struggle goes nuclear

The controversial Gupta brothers allies of the President have interests in uranium (AC Vol 57 No 25 The numbers game next year)...


The numbers game next year

At the same time Zuma is challenging the legal validity of the outgoing Public Protector Thuli Madonsela's report into the business and political influence of the moneyed Gupta family...

This further delays a decision on setting up a judicial commission of inquiry into links between the Guptas and the presidency that Madonsela proposed in October...


Clinging to the wreckage

The constant flow of assaults on the President's reputation – from a Constitutional Court ruling that he had breached his oath of office by refusing to pay back state funds used to build his retirement home to the outgoing State Protector's damning report on his relations with the Gupta family – have finally told on his core support base in the governing party...


Starting the post-Zuma race

After a torrent of allegations about business collusion between Zuma his family and Ajay Atul and Rajesh Gupta became public on 2 November with the release of former Public Protector Thuli Madonsela's investigation some Zuma allies are resigning or under threat...

Madonsela's report accuses him of favouring the Guptas with coal supply contracts and helping them to buy Optimum Coal in a deal with Swiss-based commodity giant Glencore (AC Vol 57 No 4 Zupta Inc...

Mkhize was also mentioned as a stern critic of Zuma's ties to private companies in an interview with Madonsela about the Deputy Finance Minister Mcebisi Jonas who claimed he had been offered substantial sums by the Gupta family to accept the job of Finance Minister on their terms (AC Vol 57 No 22 A week of defeats for Zuma)...


Fuel fund fracas

Madonsela's report suggests that Glencore may have lost out when it was pressured to sell Optimum Coal mine to the Gupta family...


A week of defeats for Zuma

On 3 November he withdrew his application to oppose an urgent injunction calling for the release of a detailed report by former Public Protector Thuli Madonsela into the legality and constitutionality of business and personal relations between the Gupta family and the Presidency...

• The Public Protector Thuli Madonsela's full report on the Gupta family and President Zuma is available here:http://www...


Stalwarts push for Zuma's exit

Gordhan now takes the lead role in her fight: their common target is the relationship between Zuma and the Gupta family...

Before leaving her job Madonsela completed a lengthy investigation into claims that Zuma's ties to the Guptas amounted to undermining the state institutions...

Also on 14 October Gordhan filed an affidavit with the Pretoria High Court that some US$480 million of transactions by the Guptas had broken the country's financial regulations (AC Vol 57 No 1 Guptas' export drive1)...

He wants the Court to issue an order declaring that he cannot interfere with the decision by commercial banks to close down the accounts of the Guptas' holding company Oakbay Investments...

How all this plays out will depend on what happens to Madonsela's and Gordhan's reports on the political influence of the Guptas...

Madonsela's report was compiled after lengthy interviews with high-level whistle-blowers including senior government officials who accused the Gupta family of choosing cabinet ministers who would weaken the Treasury's fiscal controls...

Since Zuma and the Guptas attempted to appoint a compliant Finance Minister last December pressure has mounted to push through a massive nuclear deal widely deemed unaffordable and to secure coal and uranium supplies for the Guptas' companies to supply state entities (AC Vol 57 No 4 Zupta Inc...

Gordhan's court application on 14 October argues that he could not interfere with the banks' decision to suspend the Guptas' accounts because to do so could have exposed the banks to fines for contravening laws on transparency and combatting money-laundering organised crime and terrorism...

Between February and April there was a flurry of activity among some 70 accounts belonging to the Guptas their friends and associates...

) relate to the Optimum Coal mine in Mpumalanga which was sold to the state-run electricity utility Eskom and then to the Guptas once its price had collapsed...

By citing the banks as respondents in the case Gordhan's application has also enabled the commercial banks the central bank and financial authorities to release details of the transactions carried out by the Guptas' company Oakbay whose CEO Nazeem Howa resigned on 17 October...

During the investors' meeting which was held under Chatham House rules to protect the identities of those present the ANC veteran explained in detail how the Gupta brothers had benefited from taking over some state decision-making in return for propping up Zuma and his family...

He predicted that Zuma would go to any lengths necessary to block the report by Public Protector Thuli Madonsela on the Guptas' financial transactions (AC Vol 57 No 4 Zupta Inc...


Zuma largesse under fire

The list retained three of Zuma's inner circle who are linked to the influential Gupta family (AC Vol 57 No 4 Zupta Inc...

We hear this will include new details of the extent of Zuma's patronage network and new information about the presidency's relations with the Gupta family...


The big rand short

Although the ANC National Executive abandoned its investigation into companies accused of trying to capture the state – Zuma's friends the Gupta family had headed the list – some of the President's political foes continue to accuse the family's companies of abuses...


Displaying 61-70 out of 94 results.