Gupta Associates Get Bail as One Brother Becomes a Fugitive
- Oakbay Investments’ ex-CEO Nazeem Howa appeared in the dock
- Gupta-linked firm’s acting CEO Ronica Ragavan also accused
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On the same day that people linked to the three politically connected Gupta brothers were granted bail by a South African court after appearing on graft charges, one of the siblings, Ajay Gupta, was declared a fugitive.
Varun Gupta, former chief executive officer of Oakbay Resources and Energy Ltd., Nazeem Howa, former CEO of Oakbay Investments Pty Ltd., Ronica Ragavan, acting CEO of Oakbay Investments and Ashu Chawla, CEO of the Gupta family’s Sahara Computers, were among the eight who appeared on Thursday. While the three brothers weren’t directly named in the case, the South African police’s investigative Hawks unit said on Thursday Ajay failed to turn himself in with regard to a separate probe and “is now regarded as fugitive.”