Skip to content
Search

Latest Stories

Indian tax officials raid Gupta family properties

Indian tax officials on Tuesday (6) raided several properties belonging to the Gupta brothers over alleged money laundering, officials said, as the politically-connected business family faces a massive corruption scandal in South Africa.

Inspectors from the tax department, aided by armed policemen, raided nearly a dozen Gupta properties in their hometown of Saharanpur, the northern city of Dehradun and their company offices in the Indian capital.


The India-born Guptas, one of wealthiest business families in South Africa, are being probed over corruption charges by the African nation and their links to former president Jacob Zuma, who stepped down after multiple graft scandals.

A spokesperson for the Indian Tax Department in New Delhi confirmed that properties in the three cities were raided but declined to confirm whether the crackdown was linked to the scandal in South Africa.

A second tax official in their home state Uttar Pradesh said that they were acting on information that the brothers were bringing money illegally into India and violating tax laws.

"The raids were carried out today (Tuesday) after we received information that they were violating tax laws and were involved in money laundering," the official said on condition of anonymity as he was not authorised to speak to the media.

The Gupta brothers -- Atul, Ajay and Rajesh -- moved to South Africa in 1993 from their hometown Saharanpur, where they are revered and enjoy massive popularity owing to their meteoric success and wealth.

The Guptas are building a massive temple at a cost $15 million on a prime seven-acre piece of land in their hometown.

Local media reports linked the raids to the source of the funding for construction of the temple.

Last month, South African authorities raided Gupta properties in Johannesburg in the ongoing investigation into the graft scandal.

Atul was declared a "fugitive from justice" by police after he did not respond to a summons.

Thirteen people are facing charges linked to allegations that millions of dollars of public money meant for poor South African dairy farmers was siphoned off by the Guptas.

They are also accused of receiving hugely favourable government deals during Zuma's presidency.

More For You

Ford vehicles

These vehicles are being recalled due to a potential brake fluid leak

Getty

Ford recalls over 148,000 vehicles in the US for brake and software issues

Ford Motor Company is recalling over 148,000 vehicles in the United States across two separate recalls, according to the National Highway Traffic Safety Administration (NHTSA) on 17 April.

The first recall involves 123,611 vehicles, including specific 2017–2018 models of the Ford F-150, Ford Expedition, and Lincoln Navigator. These vehicles are being recalled due to a potential brake fluid leak from the brake master cylinder. According to the NHTSA, the leak could lead to a reduction in braking performance and an increase in stopping distance.

Keep ReadingShow less
Sainsburys-Getty

The company expects to generate £1bn in profit, with an underlying dip of around £36m, as competition intensifies across the supermarket sector. (Photo: Getty Images)

Sainsbury's warns of profit dip amid supermarket price war

SAINSBURY’s has forecast that profits from its retail operations may remain flat or decline over the coming year as it continues to reduce grocery prices.

The company expects to generate £1bn in profit, with an underlying dip of around £36m, as competition intensifies across the supermarket sector.

Keep ReadingShow less
Streeting pledges ‘future stability’
for pharmacy with £3.1bn funding
Wes Streeting delivered a video message
Wes Streeting delivered a video message

Streeting pledges ‘future stability’ for pharmacy with £3.1bn funding

HEALTH SECRETARY Wes Streeting said the new £3.1 billion funding package for community pharmacy was a “vital step forward” for the profession as it emerges from a decade of underinvestment and financial strain.

His remarks came at the annual Pharmacy Business Conference last week, attended by more than 240 delegates, including industry leaders who shared valuable insights on funding, independent prescribing, and the role of AI in community pharmacy.

Keep ReadingShow less
Gold

Gold had surged 3.6 per cent on Wednesday after US president Donald Trump ordered an investigation into possible tariffs on all critical mineral imports.

Getty Images/iStockphoto

Gold eases after record high as investors book profits

GOLD prices dropped over 1 per cent on Thursday as investors locked in gains following a sharp rise in the previous session.

The fall came ahead of a long weekend, although gold stayed above $3,300 (£2,481) an ounce, supported by a weaker dollar and ongoing US-China trade tensions.

Keep ReadingShow less
India’s diamond exports hit 20-year low amid weak US and China demand

India handles nine out of every 10 diamonds processed globally

India’s diamond exports hit 20-year low amid weak US and China demand

INDIA’S exports of cut and polished diamonds plummeted to their lowest level in nearly two decades in the 2024-2025 fiscal year, which ended in March, on sluggish demand from the United States and China, a leading trade body said on Monday (14).

India is the largest cutting and polishing hub, handling nine out of every 10 diamonds processed globally. But it is sensitive to economic uncertainty – particularly in the US, its biggest market.

Keep ReadingShow less