Top South African Indian-origin businessman arrested for Gupta-linked fraud and corruption
The Hindu
Iqbal Meer Sharma, once a powerful South African government official in the Department of Trade and Industry, was arrested on Thursday in a massive fraud and corruption scandal linked to the controver
Iqbal Meer Sharma, once a powerful South African government official in the Department of Trade and Industry, was arrested on Thursday in a massive fraud and corruption scandal linked to the controversial Gupta family. Mr. Sharma was charged alongside three senior former officials of the Free State government, who allegedly transgressed processes related to spending of public funds. The state alleges that Mr. Sharma, through his company Nuland Investment, laundered over 20 million Rands which the provincial Free State Department of Agriculture paid for a feasibility study which was supposed to cost just 1.5 million Rands. This was to determine whether the Estina Dairy Farm project would benefit small-scale Black farmers in partnership with Indian company Paras.More Related News