Weekend Argus (Sunday Edition)

Gupta car fleet revealed


THE Guptas’ empire, believed to have been built with stolen South African tax money, is collapsing with at least eight Gupta-linked companies filing for business rescue this week, Organisati­on Undoing Tax Abuse (Outa) revealed.

Outa said the affected companies includes Optimum Coal Mine, Tegeta Exploratio­n and Resources, Shiva Uranium and Confident Concept, according to records it found at the Companies and Intellectu­al Property Commission (CIPC).

Outa chief operations officer Ben Theron said according to its investigat­ions, Gupta-owned Islandsite and Confident Concept own properties which include the Gupta’s Saxonwold compound.

Theron said Confident Concept owned the Porsche used by Duduzane Zuma, a close Gupta associate and son of former president Jacob Zuma.

The Gupta-owned vehicles came into the spotlight on Friday with Outa revealing more than 100 owned by them.

A Bentley Continenta­l GT worth about R3 million, a Maserati Quattropor­te worth R1.1m and a Lamborghin­i Gallardo are some of the most expensive vehicles on the list.

A source told Independen­t Media that Atul Gupta splurged on a red Maserati for his then 18-year-old son when he matriculat­ed.

Outa also revealed vehicles registered to companies associated with the Guptas, including Sahara and TNA Media Head Office.

Outa said among the vehicles registered to the Saxonwold address were: a BMW Z4, a Chrysler Crossfire, a Porsche Cayenne, a Cadillac, a Mercedes-Benz S65 AMG, a Land Rover Range Rover, a Mercedes-Benz C-Class, a BMW 750i, an Audi Q7, a BMW 320d, a BMW 530d, a Maserati, BMW M5, a Bentley Continenta­l GT, a Mercedes-Benz A-Class, a Lamborghin­i Gallardo and a BMW X5.

 ??  ??
 ??  ?? Andrew Mlangeni
Andrew Mlangeni

Newspapers in English

Newspapers from South Africa