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Ithethwe mapholisa ipahla yabakwa Gupta ebiza R520 million namhlanjesi

The Investigating Directorate has seized assets of the Guptas and their friends to the value of R520 million.The seized assets include luxury properties in Morningside, Saxonwold and Constantia.Prosecutors have also issued a red notice for Interpol to arrest the Guptas and extradite them to South Africa to face criminal charges.

The Investigating Directorate (ID) has seized assets worth more than R520 million belonging to the Gupta family, their business associate Iqbal Sharma and his wife, Tarina Patel.

The seizure follows a decision by the Free State High Court in Bloemfontein on Wednesday to grant the ID an order to preserve the assets of Islandsite Investments, Sharma and Patel.

Islandsite owns more than 40% of Oakbay Investments, a corporate structure that owns lucrative shares in several companies, a Gupta mansion in Saxonwold and the family’s luxurious home in Constantia, Cape Town.