Where are the Guptas originally from?
According to one theory, the Guptas originated in present-day eastern Uttar Pradesh, and expanded their empire to Pataliputra and Bengal later.
Why did the banks disown the Guptas?
However, Nieselow (2018) The banks did not disclose their reasons for cutting ties with the Guptas in 2016, citing the confidential client-bank relationship, but several representatives told the Zondo Commission they took the decision due to reputational and business risks associated with the family’s operations.
Is Salim Essa in South Africa?
Salim Essa is a South African known for his links to the Gupta family, alongside which he stands accused of state capture and various other forms of criminal and fraudulent activity.
Who was Samudragupta wife?
| Samudragupta | |
|---|---|
| Successor | Chandragupta II, or possibly Ramagupta Pataliputra |
| Spouse | Dattadevi |
| Issue | Chandragupta II, and possibly Ramagupta |
| House | Gupta dynasty |
How rich is the Gupta family?
In 2016, Atul Gupta became the seventh-wealthiest person in South Africa, with an estimated net worth of R10.7 billion (US$773.47 million), based on JSE-listed holdings. The family migrated from the Indian state of Uttar Pradesh to South Africa in 1993 to establish Sahara Computers.
Where are the Guptas of South Africa?
The family migrated from the Indian state of Uttar Pradesh to South Africa in 1993 to establish Sahara Computers. The family was based at the Sahara Estate in Saxonwold, Johannesburg, a compound comprising at least four mansions, until 2016 when they left South Africa for Dubai, United Arab Emirates.
Who is Iqbal Sharma?
Sharma is the holder of a British passport, possesses a UAE residence card and a residence permit for India, and has travelled in and out of South Africa 128 times in just over a decade. If convicted, Sharma faces a minimum sentence of 15 years in prison.
How many billions were stolen in South Africa?
The government estimates that in total more than 500 billion rand was stolen from its coffers during Zuma’s nine-year rule, which ended in 2018. The Guptas, who’ve left the country, and Zuma deny any wrongdoing.
What does Gupta mean in Indian?
Indian (northern states): Hindu (Bania) and Jain name, from Sanskrit gupta ‘secret’, ‘protected’. This is a well-known name of ancient India; the two greatest empires of ancient northern India were both founded by persons named Chandragupta (see also Chandra).
How are the Gupta brothers related to Zuma?
India’s connection to Zuma’s corruption case stems from three brothers – Ajay, Atul, and Rajesh Gupta, hailing from Uttar Pradesh’s Saharanpur. After the end of apartheid, in the Nelson Mandela regime, the three brothers migrated to South Africa in 1993 to found Sahara Computers – their first family business venture.
Who are the Guptas and what did they do to South Africa?
In 355 pages, former public protector Thuli Madonsela and her team of investigators outline in detail just how much control the Gupta family, a wealthy Indian immigrant family, has over South Africa’s resources. The Guptas’ close friend, president Jacob Zuma, as well as two ministers implicated in the report, went to court to stop its release.
Who was involved in the release of the Gupta report?
The Guptas’ close friend, president Jacob Zuma, as well as two ministers implicated in the report, went to court to stop its release. But it was finally released on Nov. 2, after protests and a court battle. The report (pdf) is potentially damning for Zuma, offering proof that he sanctioned the use of state companies for personal enrichment.
How much money do the Gupta brothers have?
Now, with a net worth of over $10 billion, the Gupta brothers own Coal mines, computers, newspapers, and a media outlet.