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Bad News received for the Gupta brothers

Islandsite Investments Pty Ltd an organization claimed by the Gupta family has been added to the R24.9M Nulane Investment practicality concentrate on defilement case, the Investigating Directorate declared on Tuesday. 


 


Researching Directorate Spokesperson Sindisiwe Seboka said that Ronica Ragavan, a co-chief in the organization had neglected to show up in the Bloemfontein Regional court as an agent of the business. Ragavan had referred to clinical reasons as her reason for neglecting to show up in court. 


"A warrant for her capture has been given however remained by the court," Seboka said. 


Seboka said the case has now been delayed to 8 October 2021 when the Gupta claimed Islandsite, just as six other denounced, will show up in court together interestingly. 


The other blamed for the situation are previous Transnet Board part Iqbal Sharma, Nulane Investment representative Dinesh Patel, previous Free State head of Department for Rural Development (FSDoRD), Peter Thabethe; previous head of FSDoA, Limakatso Moorosi; and previous FSDoA Chief Financial Officer, Seipati Dhlamini who are dealing with indictments of extortion and tax evasion. The previous government authorities have additionally been charged for supposedly negating the Public Finance Management Act. The gathering is accused together of two organizations, Nulane Investment 204 (Pty) Ltd and Islandsite Investments Pty Ltd


The case, which currently sees the Gupta possessed firm added as denounced number seven, identifies with acquirement extortion including R24.9 million, that was paid between November 2011 and April 2012 by the Free State Department of Agriculture (FSDoA) to Nulane Investment 204 (PTY) LTD, an organization claimed and constrained by Sharma. 


"From that point, the assets were redirected to Islandsite Investments 180 (Pty) Ltd (Islandsite). The R24.9m was purportedly paid to Nulane to lead an attainability study for the Free State Province's leader Mohoma Mobung project, on the premise that Nulane had novel abilities to play out the work," Seboka said. 


The matter has been hauling out in court for a considerable length of time.Gupta family business faces more corruption charges (msn.com)

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Bad News Dinesh Patel Islandsite Investments Pty Ltd Nulane Sindisiwe Seboka

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