Sign in
Download Opera News App



An unbelievable outcome as the Guptas profited billions before they departed the country

An unbelievable outcome as the Gupta snatched billions before they fled the country

According to Shadow World Investigations, Transnet's erratic agreements, including those granted to the Gupta venture, are valued at R28 billion, accounting for the majority of the R49 billion in total state catch cash flows. 

The installments, according to specialist Paul Edward Holden, were for train and crane agreements as well as consultancies.

According to the state catch commission, the Gupta venture made over R15 billion in payoffs from these and other agreements granted to and through their partners. 

According to Shadow World Investigations, Transnet granted Gupta sporadic agreements relating to China South Rail, China North Rail, ZPMC, and Liebherr. 

"All agreements were added together and get a VAT-inclusive amount," Holden explained.

He claimed that these and other agreements earned the Guptas billions in payoffs: "The total sum procured by the Gupta venture from state catch is more than R15 billion."

Gupta-linked companies, according to Holden, inflated prices to ensure maximum kickbacks.


Content created and supplied by: Timeline-Threads (via Opera News )

China North Rail Gupta Guptas Shadow World Investigations Transnet


Load app to read more comments