<\/p>\n
Two multi-million rand South African mansions owned by the Gupta brothers, a trio of India-born businessmen at the centre of a corruption scandal that triggered the nation\u2019s worst political and economic crisis since apartheid, are back on the market in Johannesburg.<\/p>\n
The seven-bedroom home \u2013 where the family allegedly lived \u2013 complete with an indoor swimming pool, thatched outdoor entertainment area, mini cricket pitch, water features and a garden with endangered cycad plants, was listed Wednesday alongside a neighbouring 11-bedroom house that boasts a beauty parlor, cinema lounge and rooftop terrace.<\/p>\n
While the properties have asking prices of R10 million ($599 000) and R12 million respectively, lower offers may be considered, online advertisements show.<\/p>\n
The homes in Saxonwold, one of Johannesburg\u2019s oldest and most affluent neighborhoods, once belonged to a company linked to Atul, Rajesh and Ajay Gupta and form part of a compound \u00a0that features in a scandal known locally as state capture.<\/p>\n
Read:
Lavish homes left by fleeing Guptas up for sale
Scandal-tainted Gupta homes in posh locale sell at 46% discount<\/p>\n
A government-backed judicial inquiry that investigated graft involving more than 1 400 people and entities in 2018 heard that the brothers held clandestine meetings at the properties.<\/p>\n
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There, influential guests were offered kickbacks and even government positions to help the family and their associates influence government decisions and to secure contracts.<\/p>\n
Listings follow failed sale<\/p>\n
The listings come after a private sale of the homes last year fell through. At the time, the two properties along with a neighbouring three-bedroom house were sold for about 46% below their municipal value.<\/p>\n
\u201cWe\u2019ve been battling to find buyers due to the stigma associated with the properties and because of the poor state they\u2019re in,\u201d said Kurt Knoop of Manci Knoop Financial Services, the business-rescue practitioners for Confident Concept Pty Ltd, the Gupta-linked company that owned the properties and entered into a local form of bankruptcy protection in 2018. \u201cBut we have been talking to a couple of people and hope to have a sale soon.\u201d<\/p>\n
Proceeds from the sale of the properties will help settle claims by creditors, he said.<\/p>\n
Read:
Business rescue: Success or failure?
State capture scorecard: R500bn looted, zero assets recovered<\/p>\n
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An open house is scheduled to take place this weekend with interested parties required to show identification and proof of funds before viewing, the listing shows.<\/p>\n
The brothers fled to Dubai shortly before the ruling African National Congress forced Jacob Zuma to quit as president in 2018 to stem a loss of electoral support, partly due to his links to the family. The Guptas and Zuma have denied any wrongdoing.<\/p>\n
Atul and Rajesh \u2013 wanted in South Africa on charges including money laundering and fraud, and sanctioned by both the US and UK governments \u2013 were arrested in the United Arab Emirates in 2022 after Interpol placed them on its most-wanted list. In 2023, a UAE court denied South Africa\u2019s extradition request, and the arrest warrant was canceled. South Africa provisionally withdrew its arrest warrant for Ajay in 2019.<\/p>\n
Read:
South Africa sends top officials to UAE over Gupta extraditions
Gupta extradition: Government has to find them first
SA revives Gupta extradition bid after UAE talks<\/p>\n
\u00a9 2026 Bloomberg<\/p>\n
#Guptas #Johannesburg #homes #sale #stigma #dampens #interest<\/p>\n","protected":false},"excerpt":{"rendered":"
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