Gupta associates get bail as one brother becomes a fugitive
On the same day that people linked to the three politically connected Gupta brothers were granted bail by a South African court after appearing on graft charges, one of the siblings, Ajay Gupta, was declared a fugitive.
Varun Gupta, former chief executive officer (CEO) of Oakbay Resources and Energy Ltd, Nazeem Howa, former CEO of Oakbay Investments Pty Ltd, Ronica Ragavan, acting CEO of Oakbay Investments and Ashu Chawla, CEO of the Gupta family’s Sahara Computers, were among the eight who appeared on Thursday. While the three brothers weren’t directly named in the case, the South African police’s investigative Hawks unit said on Thursday Ajay failed to turn himself in with regard to a separate probe and “is now regarded as fugitive.”
“It is understood that he has personal protectors and they are being warned to either hand him over or they might face charges of directly aiding and abetting the fugitive,” the Hawks said.
The hearing in a Bloemfontein court in South Africa’s Free State province involved a farming project. It followed a day that began with a raid by the Hawks on the Gupta family compound in Johannesburg and ended with the resignation of President Jacob Zuma. The Gupta family has been at the center of a number of corruption scandals that point to them using their friendship with Zuma to win contracts and influence government appointments. Zuma and the Guptas have denied wrongdoing. The accused were released on bail and are scheduled to appear again in court on August 17, Hawks said.
Missing Funds
The Free State case is related to a state-owned farm near the tiny hamlet of Vrede. It was leased to little-known Estina under a free 99-year contract in 2012 and the regional government agreed to help develop it, ostensibly to create 200 jobs. Earlier this month, prosecutors said most of the 220 million rand in public funds transferred to the company ended up in the hands of the Gupta family.
The High Court on January 19 gave the National Prosecuting Authority’s asset forfeiture unit permission to freeze the project’s assets and the bank accounts belonging to Atul Gupta. The crackdown came just weeks after acting South African President Cyril Ramaphosa replaced Zuma as head of the ruling African National Congress.