Get more Mail & Guardian
Subscribe or Login

Gupta brothers dodge another tax deadline in India

The Gupta brothers have been granted another extension for their appearance before Indian tax authorities on charges of money laundering and tax 

The Times of India reported that Gupta brothers Atul, Ajay and Rajesh now have to appear on April 9.

The seven-day extension is the fourth postponement of officials’ meeting with the brothers, who failed to appear on previous occasions.

The Times of India also reported that a senior income tax official told them that a chartered accountant had approached the revenue authority and offered to answer questions on behalf of the Saharanpur businessmen. He provided them with a document to explain the brothers’ absence, but officials were unwilling to disclose the nature of the document, according to the report.

On Wednesday, South African businessman Justin van Pletzen bumped into Ajay Gupta outside an office building in Dubai. During the brief exchange, a seemingly unfazed Ajay told Van Pletzen he would return to South Africa “the day they give a reply”.

READ MORE: Ajay Gupta ‘must just hand himself over’― Hawks

Earlier this year, News24 reported that Atul Gupta deposed to an affidavit before a commissioner of oaths based at the South African Consulate in Dubai. In this affidavit, he denied benefiting from the Estina dairy farm project in the Free State, which was allegedly used to divert money meant for poor farmers, to pay for a Gupta relative’s lavish Sun City wedding.

The Guptas are known to operate several of their shell companies from within the UAE. Despite this, a News24 investigation last year attempted, and failed, to locate any of the businesses at the addresses provided.

Early in March 2018, Indian income tax authorities confiscated documents from several properties belonging to the family, including more than 300 blank cheques in the possession of their brother-in-law, Anil Gupta. The seized documents show that the Guptas bought more than 120 properties since 2010.

The investigation includes a R200-million temple built in honour of their late father in their home town of Saharanpur.

Another 12 individuals and entities linked to the Guptas were also under investigation, including the Bank of India and the Bank of Baroda, allegedly for transferring more than R98-million to one of the Gupta brothers.― News24

Subscribe for R500/year

Thanks for enjoying the Mail & Guardian, we’re proud of our 36 year history, throughout which we have delivered to readers the most important, unbiased stories in South Africa. Good journalism costs, though, and right from our very first edition we’ve relied on reader subscriptions to protect our independence.

Digital subscribers get access to all of our award-winning journalism, including premium features, as well as exclusive events, newsletters, webinars and the cryptic crossword. Click here to find out how to join them and get a 57% discount in your first year.

Related stories

WELCOME TO YOUR M&G

If you’re reading this, you clearly have great taste

If you haven’t already, you can subscribe to the Mail & Guardian for less than the cost of a cup of coffee a week, and get more great reads.

Already a subscriber? Sign in here

Advertising

Subscribers only

DA’s egregious sexual harassment case finally begins

The party is accused of protecting a councillor, who’s also implicated in R1.2m graft

The ANC, DA and EFF ‘oblivious’ to climate crisis —...

The Climate Justice Charter Movement has critiqued the manifestos of the main parties contesting the local government elections and found them ‘shallow’

More top stories

Countries bear cross-border responsibility for harmful effects of climate change,...

The UN committee has been accused of ‘turning its back’ on the children who filed a groundbreaking legal complaint with it against five countries

Magashule files notice to have corruption charges dropped

Counsel for the suspended ANC secretary general tells court the former Free State premier falls outside category of who can be charged for corrupt activities

R1.5-billion in funding approved for riot-hit businesses

Agencies emphasise that speed is crucial to rescuing firms affected by July’s unrest

DA’s egregious sexual harassment case finally begins

The party is accused of protecting a councillor, who’s also implicated in R1.2m graft
Advertising

press releases

Loading latest Press Releases…
×