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Gupta brothers (Ajay, Atul and Rajesh)


Displaying 11-20 out of 62 results.

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...


Zuma's chaos theory

A series of damning reports has detailed the influence of the Gupta family, including bankrolling the further education and lavish lifestyle of Zuma's son Duduzane Zuma, paying for his posh flat in Dubai, where the Guptas also have a luxury bolt-hole, and setting him up in business...


Economically bankrupt

One interpretation of this development is that the business owners perceive, like much of the rest of the public, that government contract awards are being dominated by the controversial Gupta family, close business associates of President Zuma and his family...


Everyone's fault but Zuma's

The SACP, once a strong ally of Zuma's, has fallen out with him over his firing of Gordhan, his relationship with the Gupta family and the increasing corruption in his government...


Displaying 11-20 out of 62 results.