Thu April 19, 2018
Advertisement
Can't connect right now! retry

add The News to homescreen

tap to bring up your browser menu and select 'Add to homescreen' to pin the The News web app

Got it!

add The News to homescreen

tap to bring up your browser menu and select 'Add to homescreen' to pin the The News web app

Got it!

World

REUTERS
April 17, 2018

Share

Advertisement

Authorities raid Gupta compound in Johannesburg

Authorities raid Gupta compound in Johannesburg

JOHANNESBURG: South African police on Monday raided the compound of former president Jacob Zuma’s allies the Guptas, who were accused two years ago in a report by a corruption watchdog of using their influence to gain control of state companies and contracts.

The National Prosecuting Authority’s (NPA) spokesman Luvuyo Mfaku said the raid was part of an investigation into theft, fraud and money laundering at a state-backed dairy project in the Free State province meant to benefit the local community. The Gupta brothers have denied any wrongdoing in a scandal that contributed to Zuma’s fall as president and the election by parliament in February of President Cyril Ramaphosa on a platform of reviving the economy and cracking down on government corruption. As part of the investigation into the dairy, prosecutors have obtained a court order freezing 220m rand ($21m) in bank accounts and assets of several individuals and entities implicated pending a criminal trial. Mfaku said the probe was meant to address “corruption in the private sector and ensuring the recovery of government losses”.

Advertisement

Comments

Advertisement
Advertisement

Topstory

Opinion

Newspost

Editorial

National

World

Sports

Business

Karachi

Lahore

Islamabad

Peshawar