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Company assets seized in South Africa

Company assets seized in South Africa pardesi news 1459247696

Indian origin businessman Rajesh Gupta's mining company's assets have been seized.

Indian origin businessman Rajesh Gupta's mining company's assets have been seized in South Africa. Gupta along with South African President Jacob Zuma's son Duduzane Zuma were the non-executive board members of this company.

Commission for Concillation, Mediation and Arbitration had attached the assets of JIC Mining Services on Wednesday, after they found out that the company's mining captain, Clinton Cilliers had been unlawfully dismissed.

Ciliers was dismissed in.August 2014 for "gross misrepresentation dishonesty and gross dereliction of duties ". He then lodged a conplaint with the Rustenburg - based CCMA.
The commission dismissed all the charges against Cilliers and ordered JIC Mining Services to pay Cilliers 'costs in respect of this postponement'.

Rajesh Gupta along with his two brothers Ajay and Atul had moved to South Africa in 1990s. It was then that their parent company Sahara group rose to prominence in that country with business interests in mining, air, travel, energy, technology and media.
The company employs 10,000 people.

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Patrick Callahan

Pardesi News Reporter

Pardesi News Reporter

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