government has pledged legal and diplomatic action to capture the Gupta brothers after a court in the United Arab Emirates rejected a request to extradite the men wanted on charges of money laundering and fraud.
Atul and Rajesh Gupta allegedly worked closely with the nation’s former president, Jacob Zuma, to siphon money from state transport, power and arms companies, and jointly decided who was appointed to the cabinet. Ramaphosa said in 2019 that at least R500-billion may have been stolen during his predecessor’s tenure. Zuma and the Guptas have denied wrongdoing.
South Africa waited years for the UAE to sign an extradition treaty. The Middle Eastern nation finally signed the accord on the eve of a determination by the Financial Action Task Force on its standing on money laundering. The UAE has also denied South Africa access to banking records, which would have strengthened its case against the Guptas.
Law Law Latest News, Law Law Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessTechSA - 🏆 24. / 61 Read more »