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South African Fund Manager Puts Up Bounty in Hunt for the Guptas

  • Sygnia CEO Magda Wierzycka offering more than $77,000 reward
  • Location of Ajay Gupta, one of three brothers, still unknown
Magda Wierzycka
Magda WierzyckaPhotographer: Alon Skuy/Sunday Times/Gallo Images/Getty Images

Magda Wierzycka, the outspoken head of Cape Town-based Sygnia Asset Management, is so keen to see those who are accused of looting South Africa’s coffers brought to justice that she’s offering hundreds of thousands of rand of her own money to secure their arrests.

For information leading to the whereabouts and arrest of fugitive Ajay Gupta, Wierzycka said she’d pay out 500,000 rand ($43,000). She’s also pledged 200,000 rand to the first Gupta bodyguard who calls the authorities to reveal his location, and another 200,000 rand for the first person to turn state’s witness in a case involving dairy cows and a farm that was allegedly used as a front to siphon money to Gupta and his two brothers.