Guptas 'not paying their bills'

2013-09-08 10:51

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

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

Read News24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Add your comment
Comment 0 characters remaining

Inside News24

/Oscar Pistorius

6 impressive camping tips

Check out these great tips that will make your camping experience so much better!


Where were you when you last felt alive?

Free outdoor yoga classes
Watch: 5 skills to improve your BMX riding
Action camera for all occasions
Tips on how to set your fitness goals

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Magical Massinga

Spend 5 nights at the gorgeous Massinga Beach Lodge in Mozambique and only pay for 4 from R13 220 per person sharing. Includes return flights, accommodation, transfers and romantic turndown. Book now! - shop online today

Save up to R1000 on Hisense smartphones!

View the large range of Hisense smartphones. Buy today and save up to R1000!

Deal of the week!

Save R1200 on the Samsung 48” smart full HD LED television now only R8799. Buy now!

Toys 4 for the price of 3

Buy 4 toys and get the cheapest FREE! Offer valid while stocks last. Shop now!

Mind blowing prices – As seen on TV

Get mind blowing prices on 1000’s of products! Shop now.

Save 20% on Nivea beauty products!

Buy any two Nivea beauty products and save 20%. Offer valid while stocks last. Shop now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25


There is a strong social and romantic overtone that plays its way into your day. It may get stronger later in the day when more

There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.