Gupta Family Loan
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Canadian bank asks court to ground luxury jet after Gupta family defaulted on $52M loanThe aircraft has since disappeared after a public tracking device was disabled, and the EDC is petitioning a Johannesburg court to ground the aircraft until its request to have the plane removed from the Gupta family's possession can be heard in the U.K.CanadaMar 11, 2018
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Canadian bank lent controversial South African family $52M for a luxury jet, which is now missingThe EDC said that the family defaulted on the loan back in October and still owes the bank $27 million. In addition, the EDC is concerned that the plane has been used to help members of the Gupta family escape legal repercussions.CanadaMar 2, 2018
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