The co-director of Gupta-owned company Islandsite Investments has been granted bail of R10 000 by the Bloemfontein Regional Court following her arrest on Friday.
The co-director of Gupta-owned company Islandsite Investments has been granted bail of R10 000 by the Bloemfontein Regional Court following her arrest on Friday.
ID: Watertight case against Gupta-associate Iqbal Sharma, three FS officials Updated
Nokukhanya N Mntambo
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The Investigating Directorate (ID) believes it has a watertight case against Gupta-linked businessman Iqbal Sharma and three former Free State Agriculture officials.
OFM
The case centres on a 2011 feasibility study that was carried out by Nulane Investments, where Sharma was a director, on the project.
ID spokesperson Sindisiwe Seboka says the R24 million study was the cover-up for alleged looting that took place in the failed dairy project.
All four suspects appeared before the Bloemfontein Magistrate’s Court on Thursday.
The former head of the Free State Agriculture department Peter Thabethe and Sharma will remain in custody at the Bainsvlei Police Station until Monday when they are expected to apply for bail.