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
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Recommendedby THE NEWSROOM
The Money Show’s Bruce Whitfield interviews Wits economic researcher Gilad Isaacs.
The Money Show’s Bruce Whitfield interviews Anglo American CEO Mark Cutifani.
The Money Show’s Bruce Whitfield interviews Woolworths CEO Ian Moir.
The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator’s Pavlo Phitidis.
The Money Show’s Bruce Whitfield interviews Galileo Capital Financial Advisor Warren Ingram.
Watch the Guptas pack their bags and run in Nando's inspiring new advertisement.
The Money Show’s Bruce Whitfield interviews Gore about his attitude to money (hopes and fears, successes and failures, etc.).
Sunday Times journo Thanduxolo Jika who broke the front page story about the Gupta family emails vouches for their authenticity.
Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.
What does Citadel’s famed disciple of contrarian, deep-value investing Dr Adrian Saville hope for (and fear) about money?
The EFF lawyer stole the show during the state capture report court battle.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...
Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?