The Wall Street Journal: South African police raid Zuma ally Gupta family’s home

JOHANNESBURG—Police raided the home of a wealthy business family at the center of high-profile corruption allegations made against President Jacob Zuma on Wednesday, just hours before a deadline for South Africa’s leader to respond to his own party’s order to resign.

The morning raid on the compound that houses the home and company headquarters of the Gupta family piles more pressure on Zuma. According to a trove of leaked documents released over the past year, the Guptas used their friendship to Zuma and a business partnership with his son, Duduzane, to stir government decisions and secure multibillion state contracts. They have also been accused of trying to bribe a former deputy finance minister, along with the promise of making him finance minister.

The president, his son and the Guptas have denied wrongdoing. Atul Gupta, who leads the family business, has said there was “no authenticity” to the documents.

South African media reported that two people had been arrested during the raid, including one member of the Gupta family. A spokesman for the police’s special crimes unit couldn’t be reached for comment, while emails to Gupta family representatives went unanswered.

An expanded version of this report appears on WSJ.com

Popular on WSJ.com:

Police recommend charging Netanyahu with bribery, fraud

Why Red Gerard might not want to be the next Shaun White

Filed in: Top News Tags: 

You might like:

Americans owe millennials an apology — baby boomers overspend eating out too Americans owe millennials an apology — baby boomers overspend eating out too
BookWatch: Here are the 8 best books about money published in the past year BookWatch: Here are the 8 best books about money published in the past year
Key Words: The financial advice Billy Graham liked to give Key Words: The financial advice Billy Graham liked to give
Outside the Box: The 3 most surprising things I learned when I got serious about early retirement Outside the Box: The 3 most surprising things I learned when I got serious about early retirement
Market Snapshot: Why a spike in the 10-year Treasury yield to 3% won’t be a death knell for stocks Market Snapshot: Why a spike in the 10-year Treasury yield to 3% won’t be a death knell for stocks
States that voted for Trump are more likely to have growing credit-card debt States that voted for Trump are more likely to have growing credit-card debt
CEO turnover is the highest it’s been in 8 years CEO turnover is the highest it’s been in 8 years
The depressing reason most Americans are making more money The depressing reason most Americans are making more money

Leave a Reply

Submit Comment
© 3076 Stock Investors News. All rights reserved. XHTML / CSS Valid.