U.S. Treasury Sanctions Gupta Family Over 'Ill-Gotten Gains'

"The Guptas and Salim Essa have used their influence with prominent politicians and parties to line their pockets with ill-gotten gains," Sigal Mandelker, Treasury Under Secretary for Terrorism and Financial Intelligence, said in a statement that highlighted how the family immigrated to South Africa in the 1990s and managed to expand their business interests through their alleged close ties with former South African president Jacob Zuma. Zuma has been accused of having "sold executive power" to the controversial family whose ties to high-ranking officials have been examined in the Zondo Commission of Inquiry's probe into alleged state capture.

A protest placard depicting Atul Gupta carried by two EFF members at a Zuma Must Fall protest in Cape Town (file photo).

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