The net is closing in on members of the infamous Gupta family, after R520 million in Gupta assets have been seized, including luxury properties in Joburg and Cape Town.
Prosecutors have also issued a red notice for Interpol to arrest the Guptas and extradite them to South Africa to face criminal charges.
A Gupta associate appeared in court yesterday linked to multi-million rand fraud involving the failed Estina dairy project in the Free State.
The Investigating Directorate says the modus operandi used in this case appears to have been replicated in other government departments and projects.
“It is therefore critical that the evidence gathered in this matter is presented to court and a verdict obtained expeditiously. It is for this reason that prosecutors have decided to proceed separately against the accused currently in the country and those abroad, as the process of arrest and extradition may unduly delay the trial.”
Investigating Directorate head, Adv Hermione Cronje, said the NPA is applying to Interpol to assist with the execution of arrest warrants in respect Atul Gupta and his wife, Chetali; Rajesh Gupta and his wife, Arti; Ankit Jain, former Nulane Investment Bank of Baroda account signatory; Ravindra Nath, director of Wone Management (Pty) Ltd; Ramesh Bhat and Jagdish Parekh, the directors of Pragat Investments (Pty) Ltd.
Investigating Directorate head advocate Hermione Cronje has asked Interpol to arrest and deport the Guptas to South Africa to stand trial for fraud and money laundering.
The warrant relates to R25 million paid for a feasibility study to determine the viability of the failed R288 million Estina dairy farm project.
The money was paid to Nulane Investment Bank of Baroda by the Free State government. After Nulane was paid, it appointed and paid DeLoitte R1.5 million to conduct the study.
The rest was allegedly laundered to a company owned by the Gupta’s.
Four others, including a close Gupta associate, were officially charged at the Bloemfontein Magistrate’s court today.