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Reserve Bank takes nearly R20m from Guptas Sahara & R225k from Mary Bushiri accounts 01 April 2021 - 15:03 Image: Martin Rhodes
The SA Reserve Bank (SARB) has seized R19.7m from the Gupta-owned Sahara Computers’ SA bank account.
On Wednesday the government gazette published a notice by Reserve Bank deputy governor Kuben Naidoo for the forfeiture of the money and any interest accrued from Sahara’s Nedbank account and its deposit into the National Revenue Fund.
The forfeiture was made according to the provisions of Exchange Control Regulation 22B, which is for the “forfeiture and disposal of money or goods attached or in respect of which orders have been issued or made”. The exchange control regulations fall under section 9 of the Currency and Exchanges Act.
Reserve Bank seizes R19m of Gupta assets Updated
Nokukhanya N Mntambo
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The South African Reserve Bank has seized more than R19.5 million from the Gupta-owned Sahara Computers (Pty) Limited.
File Photo
The forfeiture was gazetted by the central bank’s deputy governor Kuben Naidoo on Wednesday.
The company was formed in 1994 by the embattled Gupta brothers and quickly established itself as an independent IT distributor in Southern Africa.
But Sahara Computers closed its doors in 2018 amid allegations that the Gupta trio, Ajay, Rajesh and Atul, were using their influence to capture the South African state under former president Jacob Zuma.
BANK HITS GUPTAS R19M! dailysun.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailysun.co.za Daily Mail and Mail on Sunday newspapers.