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Bad news for the Gupta brothers

Johannesburg - Businessman and Gupta partner Iqbal Sharma should delay until November to hear if the restriction request against him will be lifted. 

a man standing in front of a window

"The between time restriction request conceded in June this year has been reached out to 18 November 2021. In November the limitation will either be affirmed as mentioned by the Investigating Directorate (ID) Asset Forfeiture Unit or released," said ID representative Sindisiwe Seboka. 

The request was made by the High Court of South Africa Free State Division which managed the affirmation of the limitless restriction against Sharma and his organizations. 

"The freezing request is as far as the Prevention of Organized Crimes Act (POCA). The request applies to resources in South Africa that incorporate all property of Islandsite 180 Pty Ltd, Sharma, and his significant other Tarina Patel-Sharma, and any property. held by Sharma's organizations, incorporating two enrolled in the UAE," said Seboka. 

The court in June furthermore delegated a custodian to assume responsibility for and protect the resources forthcoming the result of criminal accusations for misrepresentation and illegal tax avoidance offenses initiated against Sharma, Nulane, Islandsite, the four Gupta family and others in the Bloemfontein Regional Court on 3 June 2021. 

"Should the blamed be sentenced, the National Director of Public Prosecutions (NDPP) will apply for a seizure request against Sharma and Islandsite to recover the worth of advantages got from the offenses and related crimes," Seboka said. 

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

Seboka said Sharma's resources that structure a piece of the caretaker's stock incorporate his Sandton home esteemed at over R12 million. 

The property was included on the way of the life TV program, Top Billing, and is claimed through a UAE-enrolled organization, Issar Global. 

Different resources incorporate versatile property esteemed at R500 000 and an R1.3 million sectional title home in Sandton. 

Properties claimed by Gupta family organization Islandsite that structure a piece of the stock incorporate a house worth R21 million in Constantia, close to Cape Town, and an R12 million house in Saxonwold. 

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Gupta associate Iqbal Sharma’s restraint order extended to November (

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Gupta Iqbal Sharma Johannesburg Sindisiwe Seboka. South Africa Free State


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