Gupta constantia mansion

The Gupta family’s sprawling seven-bedroom, six-bathroom mansion in Cape Town is currently on the market for R20 million. Photo: Hardie Property

‘Unacceptably cheap’: Guptas seek to overturn Constantia mansion sale – report

A Gupta-owned company interdicted the transfer of the Constantia mansion to its new owners and is fighting the R20m sale.

Gupta constantia mansion

The Gupta family’s sprawling seven-bedroom, six-bathroom mansion in Cape Town is currently on the market for R20 million. Photo: Hardie Property

A Gupta-owned company, Islandsite Investments, is fighting against the sale of the fugitive brothers’ Constantia mansion, which sold recently for R20 million.

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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.

According to News24, the company is now fighting the “unacceptably cheap” R20 million sale of the Gupta family’s Constantia mansion.

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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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On Thursday, the National Prosecuting Authority (NPA) Investigative Directorate (ID) announced its intention to appeal against the judgement that saw Islandsite Investments and the other accused in the Nulane matter go free.

READ: NPA ID to appeal dismissal of first State Capture case

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