Gupta associate Iqbal Sharma granted R500 000 bail

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Gupta associate Iqbal Sharma granted R500 000 bail
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In a virtual court sitting, Judge Joseph Mhlambi said the appellant was not a flight risk.

“The appellant will give over to the state a full disclosure foreign assets which are held by him and his wife including the nature, location, appropriate bank accounts and details, to the National Prosecuting Authority .

“The appellant should further inform the NPA of the relocation including the transfer of funds to other accounts and any assets mentioned, in 14 days prior to the relocation and the disposal of any of the mentioned things.“He shall reside at his residential address in Sandton and report to the Sandton Police Station on Mondays, Wednesdays and Fridays between 8am and 8pm.

Sharma is among 16 other co-accused persons and companies who will stand in the dock for defrauding the Free State Agriculture Department in 2011 of R25 million.

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