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CEO of South African asset manager offering reward for Gupta arrest

The CEO of a South African asset manager is offering a reward to help secure the arrest of Ajay Gupta, a member of the Gupta family that has been accused of using its relationship with former President Jacob Zuma to secure various state favors, Bloomberg News reported.

Magdalena Wierzycka, CEO of Cape Town-based asset manager Sygnia Ltd, is offering 500,000 South African rand of her own money for information leading to the whereabouts and arrest of Gupta, who was last seen in India on Feb. 16 and has been declared a fugitive.

Wierzycka also pledged 200,000 rand to the first person to turn state witness in a case related to dairy cows and a farm that was allegedly used as a front to siphon funds to Gupta and his brothers, and another 200,000 rand to the first Gupta bodyguard who reveals his location to authorities, according to the Feb. 19 report.

Wierzycka said the offer will stand until the end of February, the news agency added.

Gupta was last seen in India on Feb. 16 prior to boarding a plane headed to an unknown location, while his brother, Atul, confirmed in court documents that Ajay is outside the country, according to the report.