Guptas seek to overturn sale of Constantia mansion: ‘Unacceptably cheap’
A Gupta-owned company, Islandsite Investments, is fighting against the sale of the fugitive brothers’ Constantia mansion which sold recently for reported R20 million. READ: Standard Bank player wins R20m in Lotto Plus 1 draw BLOEMFONTEIN HIGH COURT INTERDICTS TRANSFER OF GUPTA MANSION TO NEW OWNERS Islandsite Investments, which was one of the accused in the Nulane […]
A Gupta-owned company, Islandsite Investments, is fighting against the sale of the fugitive brothers’ Constantia mansion which sold recently for reported R20 million.
READ: Standard Bank player wins R20m in Lotto Plus 1 draw
BLOEMFONTEIN HIGH COURT INTERDICTS TRANSFER OF GUPTA MANSION TO NEW OWNERS
Islandsite Investments, which was one of the accused in the Nulane Investments fraud trial, was discharged by the Bloemfontein Magistrate’s Court last month and acquitted of money laundering charges.
PICTURES | More pictures from the Gupta’s Constantia home
According to News24, the company is now fighting the “unacceptably cheap” R20 million sale of the Gupta family’s mansion in Upper Constantia in Cape Town.
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Islandsite accused the business rescue practitioners of letting the mansion fall into a state of disrepair.
On Tuesday, the Bloemfontein High Court interdicted the transfer of the mansion to its new owners because Islandsite has a pending application that seeks to have the sale set aside and declared unlawful.
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