TysonRoux
Honorary Master
Wonder who's paying the monthly bond for the fat cnut now, or maybe the Guptas have paid it off already.
Guptas ‘backed’ Oros’ R140k monthly bond
Evidence suggests that ANC Youth League president Collen Maine received a generous helping hand from the Gupta family to afford his swanky golf estate home
ANC Youth League boss Collen Maine’s bond on his swanky golf estate home requires him to pay a whopping R140 000 a month.
And while he refuses to say how he affords it, the evidence suggests the Guptas have lent a helping hand.
Maine and his wife, Kelebogile, bought the R5.4 million property east of Pretoria last October, six weeks after he was elected league president.
Maine has publicly defended the influential family a number of times – earning him the epithet “that Gupta-controlled Oros [man]” from Economic Freedom Fighters deputy leader Floyd Shivambu on Twitter.
But he insisted this week he was independent of the Guptas. “I was dealing with those issues as a matter of principle, not that I have anything to do with them.”
Maine’s double-storey, triple-garage home is set on a large, manicured erf in the Woodhill Residential Estate and Country Club. It backs on to the greens of an 18-hole championship golf course.
The homeowners’ association board has included luminaries such as Gautrain boss Jack van der Merwe and Deloitte chief financial officer Chris Beukman.
A person with direct knowledge of the sale, speaking on condition of anonymity, told amaBhungane this week that Maine had originally submitted a cash offer, meaning the purchase was not dependent on him raising a bond.
A cash buyer usually has a limited period to come up with the money or a bank guarantee, well before the transfer is registered. In this instance, the source said, Pretoria lawyer Abdul Jaffer remitted the full R5.4 million, saying it came from the Bank of India.
Jaffer has often acted for the Gupta family. Company registration records show he was the original director of a number of their companies, indicating that he helped to register them.
Guptas ‘backed’ Oros’ R140k monthly bond
Evidence suggests that ANC Youth League president Collen Maine received a generous helping hand from the Gupta family to afford his swanky golf estate home
ANC Youth League boss Collen Maine’s bond on his swanky golf estate home requires him to pay a whopping R140 000 a month.
And while he refuses to say how he affords it, the evidence suggests the Guptas have lent a helping hand.
Maine and his wife, Kelebogile, bought the R5.4 million property east of Pretoria last October, six weeks after he was elected league president.
Maine has publicly defended the influential family a number of times – earning him the epithet “that Gupta-controlled Oros [man]” from Economic Freedom Fighters deputy leader Floyd Shivambu on Twitter.
But he insisted this week he was independent of the Guptas. “I was dealing with those issues as a matter of principle, not that I have anything to do with them.”
Maine’s double-storey, triple-garage home is set on a large, manicured erf in the Woodhill Residential Estate and Country Club. It backs on to the greens of an 18-hole championship golf course.
The homeowners’ association board has included luminaries such as Gautrain boss Jack van der Merwe and Deloitte chief financial officer Chris Beukman.
A person with direct knowledge of the sale, speaking on condition of anonymity, told amaBhungane this week that Maine had originally submitted a cash offer, meaning the purchase was not dependent on him raising a bond.
A cash buyer usually has a limited period to come up with the money or a bank guarantee, well before the transfer is registered. In this instance, the source said, Pretoria lawyer Abdul Jaffer remitted the full R5.4 million, saying it came from the Bank of India.
Jaffer has often acted for the Gupta family. Company registration records show he was the original director of a number of their companies, indicating that he helped to register them.
Last edited:
