Gupta-linked firm to be liquidated over R60m debt, 800 jobs on the line - sources

2018-11-03 19:53

A mining contractor owned by the Gupta family has been put into liquidation, which could see 800 people losing their jobs and the chief executive officer returning to India, according to people with knowledge of the matter.

Hula hoops, KFC and wedding invites: How the Guptas allegedly motivated naturalisation

2018-09-12 15:08

MPs have heard that the Gupta family offered schools prizes of hula hoops, soccer balls and crayons for the best-designed wedding invitations, all done apparently without the permission of the education department.

Legal wrangle over Gupta-linked Shiva Uranium loan still ongoing - IDC

2018-09-03 19:58

Economic Development Minister Ebrahim Patel says, according to the IDC, litigation over its loan to Oakbay is ongoing and there is still debt outstanding.

Guptas to apply for leave to appeal aircraft ruling

2018-05-03 05:49

Members of the Gupta family are expected to apply for leave to appeal a ruling handed down in the South Gauteng High Court in Johannesburg which ordered them to return a luxury aircraft that they were leasing.

SARS accuses Guptas of lying

2018-04-01 08:31

The SA Revenue Service wrongly paid a R70m VAT refund to a third party after Gupta-owned Oakbay falsely said it had no bank accounts left in SA.

3 arrested in Hawks Gupta raids

2018-02-14 13:04

The Hawks have arrested three people following a raid at the Guptas' Saxonwold residence.

NPA freezes R220m, land linked to Gupta farm

2018-01-20 22:10

Second series of state capture preservation orders by the Asset Forfeiture Unit target farm given to the Guptas by Free State provincial government of Ace Magashule.

#GuptaLeaks: Confidence game – or how professionals missed massive fraud at Oakbay listing

2017-12-15 17:55

The #GuptaLeaks prove what many have long suspected: the November 2014 JSE listing of the Guptas’ Oakbay Resources & Energy – sponsored by Sasfin Capital, audited by KPMG and banked by Absa – was rooted in fraud.

IDC legal action against Oakbay 'too little, too late' - banker

2017-11-24 18:26

The Industrial Development Corporation should have foreseen that it was risky to convert a loan to Oakbay Resources into shares, says a corporate banking principal.

Gupta middlefinger artist says he'll donate any crowdfunding money

2017-11-07 20:00

James Gubb, the creator of the Gupta “share price art”, undertook to donate any money that comes his way as part of a crowdfunding initiative to “the likes of” the Organisation Undoing Tax Abuse and investigative journalism outfit amaBhungane.

 

These 6 high-ranking officials have been implicated in Standard Bank’s state capture testimony

2018-09-17 18:51

Former mineral resources minister Mosebenzi Zwane apparently threatened Standard Bank's banking licence.

Guptas' flagship Oakbay faces liquidation application over R2m unpaid rent

2018-09-11 17:25

Oakbay Investments owes Tegeta Resources and Energy just over R2m for the rental of its Sandton offices, says a business rescue practitioner applying to have the company liquidated.

State granted lengthy postponement in Estina dairy farm case

2018-08-21 13:06

The Bloemfontein Magistrate's Court has granted the State's request for a lengthy postponement in the Estina dairy farm case.

Court victory but questions remain about Gupta mine's coal deal

2018-04-13 21:00

The high court in Johannesburg has dismissed an application by former directors of several Gupta-owned companies for the removal of the very same business rescue practitioners they appointed in February this year.

Vrede dairy farm case: Kamal Vasram gets R100 000 bail

2018-02-19 17:15

One of the eight people arrested by the Hawks during raids at a number of Gupta compounds - including their Saxonwold home and reportedly at one of their offices in Sandton - has been granted bail in the Bloemfontein Regional Court.

Guptas challenge IDC’s lawyers in R287.5m case

2018-01-21 05:52

The Gupta family’s Oakbay group of companies has disputed that the IDC lawyers have the authority to represent the financier in its R287.5m case against the group.

#GuptaLeaks: Meet the money launderers

2018-01-19 07:02

The Guptas used an international network of scrap metal dealers to launder hundreds of millions in kickbacks between China, India, UAE and SA. We introduce them.

Oakbay cries foul on IDC's legal action

2017-11-24 19:34

Oakbay, which faces legal action from the IDC over its failure to pay back R293m owed to the state-owned entity, has called the IDC's actions “spurious and malicious”.

Patel orders Oakbay to pay back R293m

2017-11-23 21:22

Minister of Economic Development Ebrahim Patel gave Gupta-linked company Oakbay Resources until midnight on Thursday to pay back R293m to the Industrial Development Corporation.

Trader fined over 'Gupta middlefinger' art

2017-11-03 12:22

The Financial Services Board (FSB) has fined a trader R100 000 for protest art against the Gupta family and state capture.

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