NRI

Gupta brothers to leave South Africa over dodgy ties with President Zuma

Gupta brothers to leave South Africa over dodgy ties with President Zuma pardesi news 1461254187

The Gupta family has reportedly withdrawn from public life in South Africa due to the negative publicity about their proximity to President Jacob Zuma.

Ajay and Atul Gupta, two brothers of South Africa’s beleaguered Gupta family, have left the country amid growing calls for an investigation into the business barons’ alleged influence over the government through President Jacob Zuma. They have reportedly resigned from their Oakbay Investment Company, after an emotional meeting with the shareholders.

Zuma Jr has also resigned as a nonexecutive director of Shiva Uranium. These resignations were also prompted by the need to appoint new bankers and auditors after Absa‚ FNB‚ Sasfin and auditors KPMG withdrew their services. Despite the resignations the Guptas remain the main shareholders.

It’s believed that Nedbank and Standard Bank have also severed links and few ministers related with the Guptas in the Jacob Zuma government have also been sacked.  There were furious calls from several compatriots and aids of Nelson Mandela, also the members of civil society, for Zuma to resign in the wake of allegations over dodgy ties with the Gupta brothers.

The Guptas, originally from Saharanpur UP in India had built a huge empire with main interests in mining and media in South Africa. The Guptas settled in the country hoping to capitalize on the economic opportunities presented by the then new democratic government headed by Nelson Mandela. Post the resignations, the controversial family is reportedly done with their business empire in South Africa and it has also been reported that their Saxonwold residence in Johannesburg is also deserted. A third brother lives in Dubai. 

About the author

Patrick Callahan

Pardesi News Reporter

Pardesi News Reporter

Leave a Comment

Select your Current City