US blacklists S.Africa's Zuma-allied Guptas over 'corruption'

news.yahoo.com

- news.yahoo.com | a week ago

Washington (AFP) - The US Treasury announced sanctions Thursday on South Africa's Gupta business family, close friends of ex-president Jacob Zuma, calling them a "significant corruption network" that dispersed bribes and misappropriated millions in state funds.

The three Indian-born Gupta brothers -- Ajay, Atul and Rajesh -- are at the center of a South African investigation into rampant corruption during Zuma's nine-year administration. His rule ended with a myriad of graft scandals that forced him to step down in February last year.

"The Gupta family leveraged its political connections to engage in widespread corruption and bribery, capture government contracts, and misappropriate state assets," said Sigal Mandelker, Treasury under secretary for terrorism and financial intelligence.

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