What triggered the Hawks raid on the Guptas?

What triggered the Hawks raid on the Guptas?

- The Hawks raided Gupta owned properties as part of their investigation into massive corruption linked to the Vrede dairy farm project

- Court documents reveal that the Guptas allegedly pocketed over R200-million through the project

- The investigation is being assisted by foreign governments such as India, Britain and the United Arab Emirates

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The raids on Gupta owned properties are related to the investigation into the controversial Vrede dairy farm project.

The project's goal was to establish a dairy farm in Vrede in the Free State. The province partnered with a Gupta-linked company, Estina. The project was launched without going to tender.

Briefly.co.za learned that before the first payment of R34-million was made to Estina, the company only had R9000 in its bank account. The huge amount was deposited directly by the Free State department of agriculture according to timeslive.co.za.

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Court papers reveal that the project became an alleged looting ground for the Gupta family. The family cashed in an estimated R220-million and only invested R2-million in the project.

The original goal of the project was to help the local community but in the end, they experienced very little benefit from the project.

The R220-million was deposited into various accounts over a 29-month period between April 2013 and May 2016.

Atul Gupta was paid R10-million by Estina and other amounts were paid into the Guptas accounts at the Bank of Baroda.

Some of the businesses that benefited from the project were exposed in the Gupta emails to have links to Jacob Zuma's son, Duduzane Zuma.

Mineral Resources Minister Mosebenzi Zwane was the MEC for agriculture in the Free State at the time of the project.

Some of the money from the project was used to allegedly pay for the extravagant Gupta family wedding at Sun City in 2013 where guests landed at Waterkloof air force base.

READ ALSO: Sources say 2 Gupta brothers arrested after Hawks raid Gupta residence

South African authorities have started working with Indian‚ British and United Arab Emirates governments to investigate the scope of the looting.

Those implicated in the investigation are Zwane‚ Atul Gupta‚ Rajesh Gupta‚ Ajay Gupta‚ the former CEO of Gupta-owned Oakbay Nazeem Howa‚ Sahara Computers CEO Ashu Chawla‚ Oakbay CEO Ronica Ragavan‚ relative Varun Gupta and Kamal Vasram‚ the sole director of Estina.

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Source: Briefly.co.za

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