Gupta family homes seized in Constantia and Sandton

The NPA’s Investigating Directorate (ID) has obtained a restraint order to freeze assets of Gupta family associate Iqbal Sharma and Islandsite Investments 180 (Pty) Ltd, which belongs to Atul and Rajesh Gupta and their wives, Chetali and Arti Gupta.

“The order applies to assets in South Africa which include all property of Islandsite, Sharma and his wife Tarina Patel-Sharma, and any property held by Sharma’s companies, including two registered in the UAE,” the ID said in a statement on Friday.

“Sharma’s assets that form part of the curator’s inventory include his Sandton home valued at more than R12m. The property was featured on lifestyle television programme Top Billing and is owned through a UAE-registered company, Issar Global.

“Other assets include movable property valued at R500,000 and a R1.3m sectional title home in Sandton.

“Properties owned by Gupta family company Islandsite that form part of the inventory include a house worth R21m in Constantia, Cape Town, and a R12m house in Saxonwold.”

This is a developing story.