S Africa seizes USD 1.3 mn from Gupta company’s bank accountPTI | Johannesburg | Updated: 02-04-2021 09:11 IST | Created: 02-04-2021 09:11 IST
South Africa’s central bank has seized over USD 1.3 million from a bank account of the now-abandoned Gupta-owned Sahara Computers which was once the country’s leading IT suppliers.
South African Reserve Bank (SARB) Deputy Governor Kuben Naidoo published a notice in the Government Gazette, declaring the amount and interest accrued at major institution Nedbank to be forfeited to the state.
The SARB seized almost Rand 20 million (USD 1.3 million) from a local bank account of the company.
Sahara Computers was the first major IT company started by the three Gupta brothers -- Ajay, Atul and Rajesh, who are originally from Uttar Pradesh’s Saharanpur, after they settled in South Africa at the dawn of democracy under Nelson Mandela in the 1990's.
Sahara Computers, at the height of its success, was one of South Africa’s leading IT suppliers, with naming rights at the top three cricket stadiums in the country and leading sport and entertainment personalities as brand ambassadors.
The family is now in self-exile in Dubai as South Africa continues extradition efforts for questioning in their alleged role in state capture involving billions of South African Rands from state-owned institutions.
Sahara Computers was also embroiled in controversy after Zuma's twin children were given lucrative management and board positions at the company.
In 2017, the massive Sahara Computers offices were left abandoned, with media reports indicating that the company still owed creditors nearly half-a-billion Rand.
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