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National News As Private Party

A TV journalist burnt his fingers in a Gupta brothers’ venture in Zuma’s South Africa. His pacy account is an indictment of a thoroughly corrupt regime.

National News As Private Party
National News As Private Party
outlookindia.com
2018-04-14T10:56:35+05:30

On 16 February, two days before Jacob Zuma, South Africa’s most controversial president since apartheid ended in 1994, was forced to step down after losing a protracted power struggle within his own African National Congress party, Saharanpur-born businessman Atul Gupta was declared a fugitive from justice in that country. Gupta, tog­ether with Laxmi Goel, vice-chairman of Essel group of companies, and Zuma’s son, Duduzane Zuma, own a company called Infinity Media, that runs a television channel, Africa News Network 7.

ANN7, and a newspaper, New Age, comprised a small part of the Gupta family’s sprawling business empire. The group expanded its turnover from a million Rand to almost hundred times the figure within just four years, betw­een 1994 and 1997. (One South African Rand currently exchanges for roughly 0.08 US Dollar.) The group’s turnover had risen to around 200 million Rand, or around $22 million.

By the time Atul Gupta, the second of three Gupta brothers who ran the Sahara group (not related to...

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