Authorities raid Gupta compound, seize assets

SARS and the Asset Forfeiture Unit serve the Gupta's with the restraint order

SARS and the Asset Forfeiture Unit serve the Gupta's with the restraint order

The National Prosecuting Authority's Asset Forfeiture Unit has been granted a restraint order against the Gupta family for their role in the Vrede Dairy Project.

Eight people, including government officials, were arrested earlier this year during a raid of the Gupta compound by the Hawks.

These are some of the moveable assets the police were looking for during a raid at the Gupta family compound in Saxonwold in Johannesburg on Monday. About 20 vehicles parked outside the compound and some were in marked cars.

Documents seen by Tiso Blackstar reporters showed the immovable property being targeted includes properties and farms in Mpumalanga‚ the Free State‚ KwaZulu-Natal‚ Cape Town and Johannesburg.

Private security at the compound initially refused to let the authorities in‚ but later relented.

Residential and business premises and farms, two aircrafts, a helicopter, vehicles and bank accounts belonging to Oakbay Investments and Sahara Computer, among other companies, were among the assets forming part of the restraint order.

It came as a result of an ongoing criminal investigation being conducted by the Hawks.

"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".

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