India Attacks Sikh Canadians And Seen Protecting Hindu Who Conned Canada

An application by Export Development Canada (EDC), the country’s state-owned export-import bank to ground a plane being used by the Gupta family is expected to be heard in Johannesburg this week, the Washington Post reported.

Concerning Ajay Gupta being declared a fugitive, the EDC reportedly argued in its court papers that there was a concern that the aircraft may be used to escape justice or for some other unlawful means.

The family bought the aircraft with help from a $41-million loan from the EDC. They have reportedly defaulted on that loan.

The family’s lawyer Ahmed Gani declined to comment to News24 on the application, and the UK branch of law firm Jones Day, who are apparently representing the family in the case involving the jet, could not be immediately reached for comment.

The jet belonged to South Africa’s notorious Gupta family, whose alleged corruption helped trigger the scandals that recently forced President Jacob Zuma out of office. But the Guptas bought the plane with help from a $41 million loan from Export Development Canada, or EDC, Canada’s state-owned export-import bank.

EDC was helping Bombardier Inc., the Canadian aerospace firm, land the jet sale. But that turns out to have been a poor bet: EDC now says the family defaulted on the loan in October and still owes the bank $27 million.



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