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Gupta-linked diamond firm raided by SIU still plans to hold auction

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The Alexander Bay Diamond Company.
The Alexander Bay Diamond Company.
Special Investigating Unit/Twitter

The Alexander Bay Diamond Company, whose offices were raided last week as part of an ongoing probe into corruption at SA's state-owned diamond firm, says it plans to continue with a diamond auction next week. 

A week ago, the Special Investigating Unit seized hard drives and documents from Alexander Bay's Johannesburg offices. The search and seizure operation formed part of an investigation into corruption at Alexkor, SA's embattled state diamond mining company. 

But in spite of the raid, Alexander Bay director Daniel Nathan said a planned auction of alluvial diamonds would still take place next week. 

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