Iqbal Sharma, Seipati Dhlamini, Limakatso Moorosi and Peter Thabethe standing trial in the Free State High Court for fraud and money laundering.The Dubai Appeal Court refused to extradite Atul and Rajesh Gupta from the UAE.
Acting Judge Nompumelelo Gusha made the decision in the Free State High Court in Bloemfontein to discharge all of the accused without requiring them to defend themselves. Despite the fact that Nulane Investment had no staff, the department successfully motivated a deviation from procurement rules to appoint it to perform the feasibility study.Nulane then subcontracted Deloitte, at a cost of R1.5 million, to do that work.
The State alleged that the Gupta family network, including its associate, Ronica Ragavan, and Islandsite Investments, was then involved in the subsequent laundering of the Nulane scam proceeds.
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