Jump to content
Afrii Diaspora Dialogue
  • Five things you need to know about the infamous Gupta family

    Five things you need to know about the infamous Gupta family

    Here are five things you need to know about the infamous Gupta family. 

    This comes as the arrests of two of the Gupta brothers were confirmed on Monday evening. 

    LET’S TAKE A LOOK AT FIVE THINGS YOU NEED TO KNOW 

    The justice department confirmed on Monday that the alleged masterminds behind state capture, mostly during Jacob Zuma’s tenure as president, the Gupta brothers, have finally been arrested in Dubai. 

    THEY FACE THE FOLLOWING CHARGES: 

    The brothers — Rajesh and Atul Gupta — face charges related to an R24.9m Nulane Investment fraud and money-laundering case.

    The Guptas practically became household names after repeated exposés. 

    ALSO READ: BREAKING: State Capture fugitives Rajesh and Atul Gupta arrested

    WHO ARE THE GUPTAS: 

    The Gupta family is a wealthy Indian-born family with business interests in South Africa, whose most notable members are brothers Ajay, Atul, and Rajesh “Tony” Gupta—as well as Atul’s nephews Varun,[3] and US-based Ashish and Amol. 

    “The family owns a business empire spanning computer equipment, media, and mining.[5] The family became synonymous with corruption in South Africa and has been sanctioned by multiple countries for their activities.”

    Report

    WHERE DID THEY COME FROM: 

    According to a report by the Mail and Guardian Ajay, Atol and Rajesh Gupta came to South Africa from Saharanpur, India, sent by Shiv Kumar, their businessman father, to explore business opportunities in the country. 

    Atul was the first to arrive in 1993 and was later followed by his brothers. Rajesh was the last to arrive in 1997.

    Soon after their arrival, they established Sahara Computers, named after their hometown.

    THE WATERKLOOF AIR FORCE BASE SPECTACLE 

    When the politically connected Guptas landed a chartered jet carrying 200-odd wedding guests at Waterkloof Air Force Base, a national keypoint, without anyone seeming to know who had authorised the landing, political heavyweights who had long ignored the comfortable connections between the Guptas and the ruling elite were forced to examine the relationship in the light of day.

    With their high-profile and politically-connected business interests, the family has earned the ire of many. As the storm of controversy around the family continues, we give you the lowdown on who’s who in the Guptas, and what their interests are.

    Five things you need to know about the infamous Gupta family
    The Waterkloof Air Force Base Photo: Gov.co.za

    WHAT DO WE KNOW ABOUT THE BROTHERS? 

    The Gupta brothers:

    Ajay Gupta – the older brother

    Business position: Non-executive chairperson, Vusizwe Media

    • He holds no financial stake in the family business
    • As the head of the family he formulates their business strategies and controls the finances
    • He was the last brother to arrive in South Africa – he still holds Indian citizenship
    • He holds a Bachelor of Commerce degree from JV Jain Degree College in India

    Atul Gupta – the middle brother

    Business position: Managing director, Sahara Holdings, non-executive director, Comair, executive chairperson, TNA Media.

    • He holds a Bachelor of Science degree from JV Jain Degree College in India
    • He has been described as the “nuts-and-bolts” man when it comes to his role in the family business
    • He is a South African citizen – he relinquished his Indian citizenship
    • He is the brains behind Sahara Holdings

    Rajesh (Tony) Gupta – the younger brother

    Business position: Director, Mabengela, director, Islandsite Investments 255, director – Afripalm Horizons

    • His brother Atul has described him as “very close friends” with Duduzane Zuma
    • Together with Duduzane, they have a joint interest in Mabengela Investments, which is part of a consortium of black investors
    • He is a South African citizen
    • He has a Bachelor of Science degree from JV Jain Degree College in India

    View the full article


    Khamisi
     Share

     Share


    User Feedback

    Recommended Comments

    There are no comments to display.



    Guest
    Add a comment...

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.

About

Afrii Diaspora Dialogue

A Platform for Dialogue for the African diaspora

A cultural and community website with a GO.A.L. to UpLift™ and EmPower™ the many different peoples, cultures, and communities of the Black and African diasporas.

Main links

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue. Guidelines, Privacy Policy, Terms of Use