JOHANNESBURG: The Asset Forfeiture Unit, South African Revenue Service (Sars) and the South African Police Service (Saps) have raided the Gupta compound in Saxonwold on Monday.
Officials served a search and seizure order at the Johannesburg home.
National Prosecuting Authority (NPA) spokesperson Luvuyo Mfaku said the order amounted to just over R250 million and was against individuals linked to the fraud, corruption and money laundering that took place at the Vrede plant between 2012 and 2017. The Guptas are believed to have used the project to loot state funds.
The order makes provision for the restraint of several assets to the value of R250 202 652.00, pending the finalisation of the criminal trial and upon conviction, the AFU will apply for a confiscation order for the recovery of the said amount and or any related amounts.
Among the assets forming part of the restraint order, include the following; immovable property (residential and business premises and farms), two aircrafts, a helicopter, vehicles and bank accounts belonging to certain entities, namely, Oakbay Investments, (Pty) Ltd Islandsite Investments 180, Confidents Concept (Pty) Ltd, Sahara Computer (Pty) Ltd and Westdawn Investments and Aerohaven Trading,” said Mfaku in a statement.
The controversial family is accused of capturing the state.