UK judge rules EDC can proceed with sale of Gupta jet

(Corporate Jet Investor, London, 21 November 2019) A judge in the UK courts has ruled that the sale of Global 6000 ZS-OAK can now go ahead, after Export Development Canada (EDC) settled its litigation with Westdawn Investments. Westdawn Investments is a South African company that is owned by the Gupta family, the wealthy Indian-born South African family with interests in computing, media, and mining and whose members who are under investigation for misappropriation of large amounts of state assets have fled the country. They have refused to return to face court hearings and to participate in criminal investigations. According to EDC, it ended its business relationship with Westdawn Investments in December 2017, after Westdawn Investments defaulted on its loan in October 2017. EDC’s statement notes that in the months and years following its decision to provide Westdawn Investments with the loan, allegations that the Gupta family had been involved in corruption and political interference in South Africa arose.