US blacklists South Africa’s Gupta family for running a ‘significant corruption network’

US blacklists South Africa’s Gupta family for running a ‘significant corruption network’

United States blacklists South Africa

The United States Treasury on Thursday, October 10th announced sanctions on the Gupta family and associate Salim Essa, calling them a ‘significant corruption network’ that spread bribes and misappropriated millions in state funds.

The wealthy, Indian-born Guptas are at the centre of a judicial inquiry into rampant corruption during the nine-year administration of South Africa’s former president Jacob Zuma.

“The Gupta family leveraged its political connections to engage in widespread corruption and bribery, capture government contracts, and misappropriate state assets. Treasury’s designation targets the Guptas’ pay-to-play political patronage, which was orchestrated at the expense of the South African people,” said Sigal Mandelker, Treasury under secretary for terrorism and financial intelligence.

The sanctions instantly freeze any assets the blacklisted persons have under US jurisdiction and forbid Americans and US businesses particularly international banks with any US operations from transactions with them.

The sanctions were placed under the US Global Magnitsky Act, which targets large-scale corruption and human rights violation.

“Today’s sanctions announcement demonstrates the US government’s unwavering commitment to supporting the rule of law and accountability in South Africa. We support the anti-corruption efforts of South Africa’s independent judiciary, law enforcement agencies, and the ongoing judicial commissions of inquiry” the Treasury said.

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About Bueze 1994 Articles
Bueze is a Senior Content Creator at Newsvil.com|| He is a Journalist|| Writer|| Digital Media Strategist || Web Designer #ProudProduct of The Nigerian Institute of Information Extensionist(NIE) ||Die-hard Football Fan. Proudly from Imo State, Eastern Nigeria.

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