Browsing: Ajay Gupta

How the Gupta empire came tumbling down

For years, brothers Ajay, Atul and Rajesh Gupta were ranked among South Africa’s most prominent businessmen and socialised with the ruling elite, including their friend, then-President Jacob Zuma. They weathered accusations that

How the Gupta empire is falling apart

A South African business empire built up by members of the Gupta family is under pressure as they face a mounting backlash over allegations that they exploited their friendship with President Jacob Zuma to loot billions of rand

Brian Molefe quits as Eskom CEO

Brian Molefe, the CEO of South Africa’s state-owned power utility, said he will leave Eskom following the release of a report by the nation’s graft ombudsman into the influence of the wealthy Gupta family on the state and the

Guptas considered treasury a ‘stumbling block’

National treasury was a “stumbling block” to the Guptas’ business ambitions and the family asked deputy finance minister Mcebisi Jonas to sack its director-general, according to former public protector Thuli Madonsela’s “state capture” report. He would

Eskom CEO implicated in state capture report

Former public protector Thuli Madonsela’s long-awaited state capture report includes damning details on the relationship between Eskom CEO Brian Molefe and the controversial Gupta family. Molefe and Ajay Gupta, the eldest of three Gupta brothers, made

EFF to open case against Guptas

The Economic Freedom Fighters is on Sunday set to open a criminal case against the Gupta family and their company directors after “suspicious” transactions were revealed in a court application by finance minister Pravin

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