Iqbal Sharma denied bail

South Africa

Johannesburg – Former Transnet board member and Gupta family associate, Iqbal Sharma, has been denied bail.

Sharma faces charges of fraud and money laundering alongside several other including Free State Agriculture officials and the Guptas.

It is in connection with over R24.9 million the department paid for a 2011 feasibility study for the failed Estina dairy farm project.

Three of Sharma’s other co-accused have been granted bail.

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