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How a Gupta company with R16 in its bank account scored R280m

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An IT guy with no dairy farming experience was the face of a Gupta company - Estina - that had less than R20 in its account when it got its first prepayment of R30m from Free State coffers. Estina - through its frontman Kamal Vasram - a guy who worked retail for the Guptas’ Sahara Computers, was paid R280m in eight payments between July 2012 and May 2016 to run a dairy farm in the eastern Free State town of Vrede. The project was a disaster and little more than a money laundering opportunity for the Guptas. Michael Appel breaks down the findings from Zondo's latest report. Learn more about your ad choices. Visit megaphone.fm/adchoices

28 Jun 2022 7AM English South Africa Investing · Business News

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