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Gupta brothers (Ajay, Atul and Rajesh)


Displaying 11-20 out of 60 results.

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...


No place to hide

Meanwhile, a large government grant to the controversial pro-Zuma Gupta family has now become a loan; bad management at the national carrier, South African Airways, is coming under control; and attempts to impose accountability on a deal involving the state arms manufacturer, Denel, are being made...


Spinning Africa in Europe

The UK's largest public relations firm, founded by Lord Timothy Bell, a former election advisor to the late British Conservative Prime Minister Margaret Thatcher, Bell Pottinger has now cut its ties with the controversial Gupta family – which has a close business relationship with South African President Jacob Zuma and his family – after losing two major clients with ties to South Africa because of their concern about its contract with Oakbay Investments, the Guptas' holding company (AC Vol 57 No 21, Stalwarts push for Zuma's exit)...

After a storm of protest against the firm's operations on behalf of the Gupta family, Bell Pottinger ended the contract last month...


Displaying 11-20 out of 60 results.