This is how South Africa became the 16th richest person
The Gupta brothers hail from Saharanpur district in Uttar Pradesh. The Gupta brothers first came to Delhi and did business of spices there. Then in 1993, he moved to South Africa in search of new business opportunities. It was from here that his fortunes took a turn and his business of computer business, mining and media started running in South Africa. He became one of the most powerful people in South Africa. In 2016, the Gupta brothers became the 16th richest person in South Africa. According to media reports, his wealth at that time was around US $ 78 million.
When did the problems start for the Gupta brothers?
When the Gupta brothers reached the height, troubles started coming in front of them. Around 2016, there were many reports against the Gupta brothers. Allegations began that the Gupta brothers had tied up with the South African government on the basis of money. It was also said that on the basis of the money, he got some of his people in the government of South Africa to get ministerial posts. There were allegations of money laundering and corruption. Subsequently, investigations into accounts transactions in the US, UK and Saudi Arabia also began and now the UK government has banned the Gupta brothers from withdrawing money from banks and traveling.
Banks made ends meet, started selling business
As soon as the Gupta brothers were accused of corruption, big banks shied away from them. The Bench of China also left him. South Africa’s ABSA, FNB, Standard and Nedbank also said that now they too cannot provide banking facility to the Gupta brothers. Bank of Baroda even gave a notice to close all their accounts. Things got so bad that he had to leave the country and flee to Dubai. His businesses started selling. The assets began to be seized and near bankruptcy. The Gupta brothers, once among the most powerful people in South Africa, are being killed today.
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