Tag: South Africa

South African court freezes assets of Gupta family and associate

JOHANNESBURG: A South African court on Friday froze the assets of the controversial Indian-origin Gupta family and their associate, Iqbal Meer Sharma, which included palatial homes in upmarket areas. On Thursday, the Investigating Directorate (ID) of the National Prosecuting Authority (NPA) of South Africa asked Interpol to issue Red Notice International Arrest Warrants for Atul […]

South Africa to unlock $ 62 billion infrastructure investment

JOHANNESBURG: As South Africa’s growth is projected to shrink by almost 8 per cent in 2020, President Cyril Ramaphosa said the government was prioritizing economic reform and mass investments in infrastructure. “Over the next four years we hope to unlock 1 trillion rand (62.4 billion USD) in infrastructure investment,” said the President at the Infrastructure […]

South Africa targets billions siphoned off to US, UK, UAE by the Guptas

NEW DELHI: South African authorities are to launch a fresh attempt to seize the billions of rands that Indian-origin Gupta brothers illegally took out of the country after allegedly acquiring it through irregular deals with state departments, a media report said. According to the report in Sunday Times, the Asset Forfeiture Unit (AFU) has enlisted […]

On deals with Gupta family, Jacob Zuma says ‘I put them into trouble’

JOHANNESBURG: Former South Africa president Jacob Zuma has said that he initiated the idea that led to the controversial Indian-origin Gupta family establishing their media empire, which has since collapsed. Zuma said he had conceived the idea of having an “alternative media” in South Africa because “the media in this country is very biased; at all […]

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