Company linked to South Africa's Gupta family liquidated over debt: Report

Guptas allegedly used their links to former South African President Jacob Zuma to further their business.

A South African mining contractor owned by the Gupta family has been put into liquidation, according to people with knowledge of the matter.

Westdawn Investments, which does business as JIC Mining Services (Pty) Ltd., has debt of almost 60 million rand ($4.2 million), said the people, who asked not to be identified because the information isn’t public. The company received a liquidation letter on Friday from a liquidator appointed by the High Court, they said. Kal Tire Mining, which JIC owes 900,000 rand, brought the application, the people said.

About 800 people stand to lose their jobs and Chief Executive Officer Jagannath