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Bad news; The Gupta brothers are at it again

The High Court, Free State Division, Bloemfontein, has requested that the limitless restriction request against Iqbal Sharma, Nulane Investments 204 (Pty) Ltd, Issar Global Limited and Islandsite Investments 180 (Pty) Ltd, which has a place with Atul and Rajesh Gupta and their spouses, Chetali and Arti Gupta, be reached out to 16 March 2022. 

In July 2021, a head of Islandsite, Ronica Ragavan, recorded an affirmation purportedly as the appropriately approved agent of Islandsite, restricting the affirmation of the limitation request against Islandsite. 

On 11 August 2021, Musi JP decided that the organization is under business salvage and subsequently the business salvage experts Kurt Knoop and Johan Klopper, not the chiefs, are the gatherings with the lawful remaining to address Islandsite in the restriction procedures. 

The business salvage experts of Islandsite recorded a notification of expectation to go against the affirmation of the restriction request in October and a noting oath on 01 November 2021. 

Likewise READ: Another blow for Gupta partner Iqbal Sharma 

Iqbal Sharma, his better half Tarina and their organization, Issar Global have recorded a joint notification of resistance to the limitation arrange however have not yet documented any affirmations regarding that situation. 

The temporary restriction request has been reached out to 16 March 2022 by understanding between the gatherings. 

In June, the Assets Forfeiture Unit jumped and held onto properties having a place with Sharma in Western Cape and Gauteng. 

Among a portion of the more than R47 million of Gupta-connected resources seized is an extravagant Sandton manor esteemed at R12 million, which had a place with Sharma and was highlighted on the now-dead way of life show, Top Billing. 

Likewise remembered for the rundown was a BMW, a few financial balances and various properties his organization Nulane Investments 204 (Pty) Ltd and Islandsite Investments 180 (Pty) Ltd which has a place with Atul and Rajesh Gupta and their spouses, Chetali and Arti Gupta, in June 2021.

Restraint order of Gupta company assets extended until next year — The Citizen

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Atul Iqbal Sharma Ltd Rajesh Gupta Ronica Ragavan


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