US Sanctions on Guptas, Essa over ‘corruption’

The US Treasury imposed sanctions against four businessmen who it said were members of “a significant corruption network” in South Africa and had paid bribes and used other underhand measures to influence government appointments and contracts.

The sanctions were levied against brothers Atul, Ajay and Rajesh Gupta, and Salim Essa, said Sigal Mandelker, the Treasury’s under-secretary for terrorism and financial intelligence. The four have all denied wrongdoing.

“The Guptas and Essa have used their influence with prominent politicians and parties to line their pockets with ill-gotten gains,” Mandelker said in a statement. “We will continue to exclude from the US financial system those who profit from corruption.”

© 2019 Bloomberg L.P.

Source: moneyweb.co.za