Skip to content
Search

Latest Stories

Indian tax officials raid Gupta family properties

Indian tax officials on Tuesday (6) raided several properties belonging to the Gupta brothers over alleged money laundering, officials said, as the politically-connected business family faces a massive corruption scandal in South Africa.

Inspectors from the tax department, aided by armed policemen, raided nearly a dozen Gupta properties in their hometown of Saharanpur, the northern city of Dehradun and their company offices in the Indian capital.


The India-born Guptas, one of wealthiest business families in South Africa, are being probed over corruption charges by the African nation and their links to former president Jacob Zuma, who stepped down after multiple graft scandals.

A spokesperson for the Indian Tax Department in New Delhi confirmed that properties in the three cities were raided but declined to confirm whether the crackdown was linked to the scandal in South Africa.

A second tax official in their home state Uttar Pradesh said that they were acting on information that the brothers were bringing money illegally into India and violating tax laws.

"The raids were carried out today (Tuesday) after we received information that they were violating tax laws and were involved in money laundering," the official said on condition of anonymity as he was not authorised to speak to the media.

The Gupta brothers -- Atul, Ajay and Rajesh -- moved to South Africa in 1993 from their hometown Saharanpur, where they are revered and enjoy massive popularity owing to their meteoric success and wealth.

The Guptas are building a massive temple at a cost $15 million on a prime seven-acre piece of land in their hometown.

Local media reports linked the raids to the source of the funding for construction of the temple.

Last month, South African authorities raided Gupta properties in Johannesburg in the ongoing investigation into the graft scandal.

Atul was declared a "fugitive from justice" by police after he did not respond to a summons.

Thirteen people are facing charges linked to allegations that millions of dollars of public money meant for poor South African dairy farmers was siphoned off by the Guptas.

They are also accused of receiving hugely favourable government deals during Zuma's presidency.

More For You

Marvel layoffs Disney

The change shifts Marvel’s visual design from in-house experts to temporary workers

Getty Images

Marvel Studios loses core creative team as Disney announces 1,000 layoffs

Highlights

  • Nearly entire visual development team dismissed.
  • Academy Award-winning artists lose full-time positions.
  • Marvel moving to contractor-based production model.
Disney has let go nearly its entire award-winning visual development team at Marvel Studios as part of job cuts affecting around 1,000 employees across the company.
The dismissals mean a major loss of knowledge and creative skills for one of the world's most successful film franchises.
The visual development department included concept artists, character designers, illustrators and technical specialists who created the look of Marvel productions before filming begins.
These professionals designed the distinctive appearance of films like The Avengers and Guardians of the Galaxy, and television shows like Daredevil. Many team members had worked with Marvel for more than ten years.

Reports from Forbes and industry publications confirm only a small group of full-time production staff remains to hire outside contractors for individual projects.

The change fundamentally alters how Marvel approaches visual design, moving from dedicated in-house experts to temporary workers.

Keep ReadingShow less