Government moves to seize R1.6 billion in Gupta assets

The Asset Forfeiture Unit is going after the Gupta family, reports City Press.

It seeks to seize assets worth R1.6 billion from the disgraced family.

It’s the first time the state has taken action against the family.

This follows a slew of evidence implicating the family and their business partners in state capture.

The Money Show’s Bruce Whitfield interviewed ENS Africa Director in Forensics Steven Powell.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

This seems to be a little more gentle than the normal process…

Steven Powell

There would’ve been a precursor to this…

Steven Powell

A curator will step into the shoes of the Guptas, and take ownership of their assets…

Steven Powell

Nothing can be alienated… the only person who can sell the assets is the curator himself.

Steven Powell

…the funds will be returned to the victims…

Steven Powell

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