Chickens are coming home to roost in all corners of the globe for the Guptas. The US Treasury have essentially “excluded” them from their financial system.
Some huge breaking news is reaching us from the USA. The Gupta brothers are under heavy pressure after the US announced that it is imposing sanctions on the family, making it difficult for the brothers to do business. The US Treasury have condemned the Guptas and their associates for “running a significant corruption network” in South Africa. A statement released end of last week detailed the reasons why the Indian billionaires have now essentially been excluded from the American financial system. Opinions say the US plan to impose sanctions on the Guptas will cause the brothers’ business operations to be severely curtailed.
Political analysts believe that extradition could mean that the three brothers who were at the head of state capture will be jailed for many years.
“The US department of the Treasury’s Office sanctioned members of a significant corruption network in South Africa that leveraged overpayments on government contracts, bribery and other corrupt acts to fund political contributions and influence state actions. OFAC have designated Ajay, Tony and Rajesh Gupta for their involvement”.
Guptas and the US Treasury
In the past, the FBI focused an investigation on Ashish and Amol Gupta – both US citizens. They are the nephews of Atul and Ajay Gupta. The nephews’ company received payments from a Dubai-based, SA Gupta-linked company. Their illicit funds have also been linked to the family via Hong Kong and Dubai.
But make no mistake, the US Treasury is specifically targeting the brothers behind the whole symphony of state capture. The string-pullers, and the men who dictated the terms of Jacob Zuma’s presidency.
Why they have been sanctioned in America
Treasury Under Secretary for Terrorism and Financial Intelligence, Sigal Mandelker, has explained more about the punishment levelled against the Guptas. The forensic financial analyst slammed the brothers for lining their pockets “with ill-gotten gains” – he also revealed the trio are banned from any US transactions:
“The Gupta family leveraged its political connections to engage in widespread corruption and bribery, capture government contracts, and misappropriate state assets. Treasury’s designation targets the Guptas’ pay-to-play political patronage, which was orchestrated at the expense of the South African people.”
“The Guptas and Salim Essa have used their influence with prominent politicians and parties to line their pockets with ill-gotten gains. We will continue to exclude from the U.S. financial system those who profit from corruption.”
Who is Salim Essa?
A close friend and business partner of the Guptas, his name frequently crops up at the State Capture Inquiry. He was most recently mentioned by Former Denel group CEO Riaz Saloojee, who said Essa was always present when the brothers held their meetings. He even told the Denel chief that he had the support of “the old man” – a moniker the corrupt state captors often used to describe Jacob Zuma.
His involvement has been that of a shady figure in the background, present without being prominent. However, the US Treasury have obliterated the remaining pieces of this facade on Thursday.
On the South African front, negotiations are under way with the United Arab Emirates to finalize an exchange agreement that will, among other things, enable the Gupta brothers to be extradited to South Africa.