There has been a massive raid on Gupta businesses and properties by the Indian tax authorities media reports indicate.
The raids are said to be in relation to the Guptas’ accounting and income expenditure records. They apparently began at 7am on Tuesday, and a huge crowd had gathered outside – reminiscent of the Hawks raid of the Gupta mansion in Saxonworld, South Africa, back in February.
The Gupta family is at the centre of a corruption scandal involving former South African President Jacob Zuma. The country’s anti-corruption watchdog has accused them of using their proximity to Zuma to influence policy and amass wealth. They are suspected to have moved their money into India.
The Indian press reported that six months ago, a case was opened against Ajay in relation to a fraud case in Saharanpur.
A state-owned Canadian bank has also taken the Guptas to court, claiming that they defaulted on a loan used to purchase a Bombardier Global 6000 private jet, and that they owe the bank $27-million (~R319-million). The matter is before the high court in Johannesburg, and the case has been postponed till Friday.
The family bought the jet with a loan from Export Development Canada, which has now applied to ground the plane. The EDC expressed its concern that the jet could be used to flee or conduct unlawful activities.