Guptas 'not paying their bills'

2013-09-08 10:51

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Johannesburg - The Gupta family has come under fire once again, this time from contractors who claim they are not paying their bills.

The free-spending family, allegedly owe money for services to their mines, reported the Sunday Times.

According to Marius Nel, who had a three-year contract with Shiva Uranium, a Gupta-owned mine, he is owed R2.2m and a further R2m relating to an accident on one of its mines. He says he has been waiting for the money since May. He has issued a summons against Shiva, which in turn has issued a counterclaim for equipment allegedly damaged in an accident.

The Guptas bought the mine in 2010. They used R461m of their own money with an additional R250m loan from the Industrial Development Corporation (IDC). Shiva was however unable to service the loan recently, which was then apparently restructured – due to low uranium prices.

Guptas criticised

The public was largely unaware of the Gupta family until 29 April, when a plane chartered by the Gupta family, carrying 270 guests, landed at Waterkloof.

According to a SAPA report, the guests were attending the Sun City wedding of Vega Gupta, and Aakash Jahajgarhia.

After widespread criticism and queries about the landing from a number of quarters, government initiated a probe into a possible breach of the rules that govern diplomatic protocol.

Another Gupta investment has faced public criicism, with the trouble-beset launch of the Gupta-owned TV channel ANN7. Earlier this month, consulting editor Rajesh Sundaram left the channel, reportedly because he was concerned for his reputation.

He said that the Gupta family's rush to go live with the channel was to blame for the disastrous launch and the many onscreen faux pas which have gone viral on the internet.

Read more on:    mining

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