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South African Prosecutors Told to Release Some Gupta Funds

  • Amount of money state can freeze shrinks to 40 million rand
  • Original preservation order amended in Bloemfontein court
Atul Gupta

Atul Gupta

Photographer: Daily Sun/Gallo Images/Getty Images

Updated on

A South African judge has ruled that state prosecutors cannot seize all of the funds they identified in a corruption case linked to the Guptas, and granted an application brought by the politically connected family.

Prosecutors in January froze assets related to a dairy project in the country’s Free State province, saying that more than 220 million rand ($17 million) destined for the farm was transferred to the Guptas via the Bank of Baroda and a number of companies and associates. The parties fought back, saying there was no evidence they received the proceeds of crime and asking that the funds be released.