Instead, business rescue practitioners will use the proceeds to settle the Guptas’ debts. The family is said to be fighting tooth and nail against the “fire sale” of their prized assets.
With no formal charges laid against the Guptas, the state is ineligible to receive the proceeds from any of the sales. Among the Gupta properties on the market is the infamous compound near the Johannesburg Zoo, seen as the seat of power of the Gupta family. It was also the scene of several alleged efforts to corrupt high-ranking government officials, including former deputy minister of finance Mcebisi Jonas and MP Vytjie Mentor.A mid-week visit to the property told a story of a once powerful family in decline.
At least 100 vehicles have previously been linked to the Guptas’ Saxonwold properties by the National Prosecuting Authority’s Asset Forfeiture Unit, including a Maserati, a Porsche, a Lamborghini and Range Rovers.
Surely proceeds of crime fall under the state's jurisdiction?
Unathi_Kwaza Correction .... Guptas DID NOT, I repeat, DID NOT loot state coffers.State coffers was thrown at them by ANC government.QHA QWABA!!!
its so amazing with a short space time they have acquired so much when an ordinary business person in SA still suffers so much red tape ,its pays to have a president as a puppet
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ewnupdates - 🏆 30. / 53 Read more »
Free State bought 4,000 copies a day of Gupta newspaper, Zondo probe toldState capture-implicated former Free State finance MEC Elizabeth 'Elzabe' Rockman detailed to the state capture inquiry on Wednesday various meetings she had with members of the Gupta family while she worked in then premier Ace Magashule's office. They should have bought 10 000. 4000 followers...imagine Fs n Guptas so possible So Zondo 'hears' this while sitting in a To do Blackstar building!
Source: SowetanLIVE - 🏆 13. / 63 Read more »
Source: IOL - 🏆 46. / 51 Read more »
Source: eNCA - 🏆 49. / 51 Read more »
Source: TheCitizen_News - 🏆 6. / 75 Read more »
Source: ewnupdates - 🏆 30. / 53 Read more »