Asset Forfeiture Unit raids Guptas' Saxonwold compound

Asset Forfeiture Unit raids Guptas' Saxonwold compound

Asset Forfeiture Unit raids Guptas' Saxonwold compound

Krause said the Gupta legal team would then bring an urgent challenge to the freezing of the family's properties and seek an urgent reconsideration of the latest asset preservation order granted in the Estina Dairy Project case.

The R250 million in seized assets will be restrained pending the outcome of a criminal trial.

The unit said that the Bloemfontein High Court granted the order, which allowed it to seize assets from the family to the tune of R250 million.

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The eight were Estina director Kamal Vasram, several former directors at the Gupta's holding company Oakbay - Varun Gupta, Ronica Ragavan, Nazeem Howa and Ashu Chawla, and Free State officials Peter Thabethe, Sylvia Dlamini and Takisi Masiteng.

The order was the result of criminal investigations by the Hawks, which led to the arrest and institution of criminal prosecution against several people.

Some of the assets which form part of the restrainingorder, according to News24, include: residential and business premises, a helicopter, and vehicles and aircraft belonging to the family and their associates.

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"The aforementioned action is part of ongoing criminal investigations by the NPA and DPCI, jointly working together with other law enforcement agencies..."

The Times of India reported the probe included a R200 million temple built in honour of their late father in their home town of Saharanpur; the Bank of India and the Bank of Baroda for transferring more than R98 million to a Gupta brother; and 120 properties the Guptas had bought since 2010.

South African Revenue Service (Sars) and the South African Police Service (Saps) have raided the Gupta compound in Saxonwold on Monday. The Gupta family spokesman could also not be reached.

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