BLOEMFONTEIN - The National Prosecuting Authority is yet to secure the extradition of the Gupta brothers, Rajesh and Atul, as the Nulane Investment trial kicks off on Monday morning.They were arrested last year in Dubai for their alleged involvement in the Nulane corruption case, where the Free State government was defrauded of close to R25 million.
The controversial Gupta brothers, Rajesh and Atul, will be visibly absent at the Bloemfontein High Court during the two-week trial. The brothers are believed to still be in custody in a Dubai prison following last year’s high-profile arrest.The State alleges that the R24.9 million allegedly paid to Nulane Investments for a feasibility study was diverted to Islandsite Investments, a Gupta-owned company.The NPA also wants to prosecute the Guptas for fraud and money laundering in the infamous Estina dairy farm project, which was also part of the initiative.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
You know if it was a white guy who used a racist term, they would have had him back here for trial a long time ago.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
African countries looking to each other for investment[ICYMI] MoneywebNow podcast with SimonBrown, analysis of Mr Price’s trading update, Karooooo results and a look at opportunities for African trade and investment. Download podcast:
Source: Moneyweb - 🏆 5. / 77 Read more »
5 South African stocks finance experts have eyes on right nowFNB Wealth and Investment experts have selected 10 stocks traders should buy right now in 2023.
Source: BusinessTechSA - 🏆 24. / 61 Read more »
Strong calls for bail to be denied for murder accused ANC MP - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The EFF has called on the National Prosecuting Authority (NPA) to ensure that it opposes bail for the ANC member of parliament arrested for the alleged murder of his wife. Haha you kidding me. No one have the right to kill a person whether is ANC or EFF or DA or IFP not bail must granted to him but EFF is jumping the guns. Wait let the laws took its place. You do not tell the court what to do as the political party that is matured
Source: SABCNews - 🏆 37. / 51 Read more »
'Rolling blackouts are due to historical under investment in assets to generate electricity' - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The National Energy Crisis Committee has identified structural faults in the design of new power stations, among factors contributing to the current electricity supply constraints. Groundbreaking Who do you blame for the specification/design and structural defects, What do you mean Historical‼️
Source: SABCNews - 🏆 37. / 51 Read more »