Real Estate
Scandal-Tainted Gupta Homes Sell at 46% Discount in South Africa
A playground in the grounds of the abandoned Gupta brothers' residential compound ahead of auction in Johannesburg on July 19.
Photographer: Waldo Swiegers/BloombergSouth Africa sold three multimillion-rand mansions tied to the corruption-tainted Gupta brothers for about 46% below their municipal value.
The properties fetched about 34.5 million rand ($1.9 million), including commissions and taxes, Park Village Auctions said Tuesday. They have separate title deeds, are in a state of disrepair, and have a combined municipal value of about 64 million rand.