South Africa seizes USD 1.3 mn from Gupta family-owned company’s bank accountPTI | Johannesburg | Updated: 02-04-2021 12:15 IST | Created: 02-04-2021 12:15 IST
On Wednesday, the government gazette published a notice by Reserve Bank deputy governor Kuben Naidoo for the forfeiture of the money and any interest accrued from Sahara’s Nedbank account and its deposit into the National Revenue Fund, according to a report in Times Live newspaper.
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.
In 2019, the US treasury department imposed sanctions on Ajay Gupta, Atul Gupta, Rajesh Gupta, and their associate Salim Essa for their involvement in corruption in South Africa, saying they were ''members of a significant corruption network in South Africa that leveraged overpayments on government contracts, bribery, and other corrupt acts to fund political contributions and influence government actions''.
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