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Gupta brothers (Ajay, Atul and Rajesh)


Displaying 11-20 out of 65 results.

Not yet Team Ramaphosa

All were tainted by association with the Gupta family and companies involved in 'state capture'...

Relegation zoneRamaphosa fired seven ministers associated with state capture and the Gupta family and made several important appointments to make good his commitment to tackle corruption head on and revive South Africa's ailing economy (AC Vol 59 No 1 Cyril presses his advantage)...

He has brought back two finance ministers summarily fired by Jacob Zuma for rebuffing demands for easy access to state funds that benefited the Gupta brothers' businesses...


Zuma goes down fighting

Ramaphosa insisted according to a well-placed source that Zuma should pledge full cooperation with law-enforcement agencies and testify against his associates in the Gupta family and his favoured son Duduzane who have benefited hugely from presidential patronage (AC Vol 59 No 3 The goodbye gets longer)...

There are unconfirmed reports that the Gupta brothers made their Bombardier private jet available for a flight to Russia to prepare for a meeting or conference call with Zuma and associates Daily Maverick reports...


Big change, no fanfare

In the past week the National Prosecuting Authority has issued orders for the seizure of billions of rand in assets belonging to the politically-connected Gupta family including the Estina dairy farm project in Free State province which is at the centre of an investigation into the misuse of state funds and money laundering...

It has also frozen the bank account of Atul Gupta in charge of the Gupta finances...

The NPA's Asset Forfeiture Unit moves to freeze Atul Gupta's bank account and seize the R220-million Dairy Farm project in the Free State province...


Snagged by the Guptas' global reach

HSBC one of Britain's biggest banks has been accused by a British peer of complicity in a US$500 million money-laundering scheme organised by businesses controlled by the Gupta family close allies of President Jacob Zuma...

'This information shows illegal transfers of funds from South Africa made by the Gupta family over the last few years from their South African bank accounts held with a British bank to accounts held with the same bank in Dubai and Hong Kong ' Hain told the Lords...

Last week Hain produced a list of 27 names (along with their bank account details and identity numbers) to be investigated as part of Gupta-gate: it included President Zuma ten members of his family the three Gupta brothers and eight members of their family...


Balancing the good cop with the bad

The Gupta brothers have been accused by a government watchdog of 'improperly influencing the award of government contracts' (AC Vol 57 No 21 Stalwarts push for Zuma's exit & Vol 58 No 13 Factional fireworks threaten party)...

The company apologised for benefiting from its contract with the Gupta brothers and undertook to repay R23 million ($1...


KPMG feels the Gupta heat

In a grovelling public apology after 18 months of silence auditing giant KPMG admitted that its senior executives in South Africa had 'made mistakes' and 'ignored red flags' in working for the Gupta family...

But KPMG is the latest global company to have paid a heavy price for working for the Gupta family...

A leading British investor who has researched the leaked emails detailing the Guptas' correspondence has estimated that the Gupta brothers moved about 15 billion rand ($1...


'Dirty tricks' target Cyril

The Gupta brothers meanwhile are having to offload some of their assets as banks and financial institutions deny them access for fear of breaking strict money-laundering regulations...


ANC dilemma deepens

The coalition known as Future South Africa which encompasses organisations such as Save South Africa Section 27 Freedom under Law and Corruption Watch seeks to tackle what it calls the 'state capture' by the Gupta brothers and to 'rebuild state integrity'...

In recent months the Zuma-led faction of the ANC has suffered a string of political defeats and the extent of the Gupta brothers' political influence was exposed after some 200 000 emails between the Guptas and corporate and government stakeholders were leaked to the media two months ago (AC Vol 58 No 13 Factional fireworks threaten party)...


Factional fireworks threaten party

Although the allegations about the Gupta family's influence over appointments to state-owned entities and ministerial office and over state procurement are well-known and largely believed the eight-gigabyte cache of email traffic has provided hitherto-lacking corroboration...

Duduzane had been found by Public Protector Thuli Madonsela's report on state capture to be intertwined in a deeply corrupt relationship with the Gupta brothers and has facilitated access to state-funded contracts in return for his education participation in the business and a residence in Dubai...


The great growth divide

Demands from the Public Protector an official watchdog and from anti-corruption activists into ties between the Gupta family's corporate empire and Zuma's family and political allies are deterring local investment...


Displaying 11-20 out of 65 results.