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Business Management analysis

Good news-finally the Gupta brother are punished for everything

The High Court, Free State Division, Bloemfontein, has requested that the limitless limitation 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, an overseer of Islandsite, Ronica Ragavan, documented an affirmation purportedly as the properly 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 consequently the business salvage experts Kurt Knoop and Johan Klopper, not the chiefs, are the gatherings with the legitimate remaining to address Islandsite in the restriction procedures. 

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

Additionally READ: Another blow for Gupta partner Iqbal Sharma 

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

The temporary limitation request has been reached out to 16 March 2022 by arrangement 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 a rich Sandton manor esteemed at R12 million, which had a place with Sharma and was included on the now-ancient way of life show, Top Billing. 

Additionally remembered for the rundown were 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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