Prosecutors ‘poised to freeze assets linked to Guptas’

South African media are reporting that prosecutors are preparing to move against two companies linked to the controversial Gupta family and their business empire.
Reports suggest that the National Prosecuting Authority is poised to freeze tens of millions of pounds in assets.

This is in connection with an investigation into alleged corruption at South Africa’s state power company.

The precise details remain unclear.

But the broader implication is that the South African authorities may be starting to move against the Guptas – a powerful business family with close links to President Jacob Zuma.

Both the Guptas and Mr. Zuma have denied repeated allegations of corruption.

But Mr. Zuma’s authority is dwindling now that he’s no longer in charge of the governing ANC and could soon be replaced as president by Cyril Ramaphosa – a man who has promised to tackle high-level corruption.

The giant global consultancy McKinsey has been drawn into the scandal at the state power company but denies any wrongdoing.BBC

 

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