OFAC SANCTIONS ON SIGNIFICANT CORRUPTION NETWORK IN SOUTH AFRICA – GUPTA FAMILY

On 10th October, a news release from the US Treasury advised that OFAC sanctioned members of a significant corruption network in South Africa that it said had leveraged overpayments on government contracts, bribery, and other corrupt acts to fund political contributions and influence government actions.  OFAC designated Ajay Gupta, Atul Gupta, Rajesh Gupta, and Salim Essa.  The news release says that Ajay, Atul, and Rajesh Gupta immigrated to South Africa in the 1990s, and due in large part to their generous donations to a political party and their reportedly close relationship with former South African President Jacob Zuma, their business interests expanded.   The family has been implicated in several corrupt schemes in South Africa, allegedly stealing hundreds of millions of dollars through illegal deals with the South African government, obfuscated by a shadowy network of shell companies and associates linked to the family.

https://home.treasury.gov/news/press-releases/sm789

https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20191010.aspx

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s