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Mila
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Gautrain Sandton water woes expose new Gupta, Regiments Capital scandal
Citizen reporter
File picture: Gupta brothers, Ajay and Atul.
The City of Johannesburg sold one Sandton’s most expensive pieces of land to Cedar Park Properties, who don’t appear to have actually paid a cent.
A fresh scandal involving the Gupta-linked company Regiments Capital has been accidentally exposed by the City of Johannesburg after it cut off the Sandton Gautrain’s water supply due to nonpayment by the train service’s landlord, Cedar Park Properties.
Regiments is no stranger to controversy, as its directors were accused of making unlawful payments of more than R500 million from the Transnet Second Defined Benefit Fund to Gupta-linked entities Trillian and Albatime between December 2015 and April 2016.
In addition to this, Regiments is believed to have received lucrative contracts from state-owned enterprises due to its connection to the Guptas.
The City of Johannesburg – then controlled by the ANC and now in the hands of a DA-led government – is believed to have paid nothing for one of the most expensive pieces of land in Johannesburg, due to a deal that Cedar Park would only need to pay once turning a profit from the property. And as long as they keep leasing units rather than selling them, they may remain exempt from payment, City Press reports.
In addition to this, R250 million in taxpayers’ money was allegedly spent on building a structure on the site.
Gautrain Sandton water woes expose new Gupta, Regiments Capital scandal | The Citizen
The City of Johannesburg sold one Sandton's most expensive pieces of land to Cedar Park Properties, who don't appear to have actually paid a cent.
citizen.co.za
Anybody in jail yet?
