Reports: Gupta family helped Collen Maine secure R5.4m mortgage
City Press has a copy of Maine’s loan papers, showing that he & his wife bought the R5.4 million property.
JOHANNESBURG - It's emerged that African National Congress Youth League (ANCYL) president Collen Maine's expensive home in Pretoria, is being paid for by the Gupta family.
The City Press has revealed this morning that Maine's golf estate property costs R140,000 a month and evidence shows that the controversial family has lent him a helping hand.
The paper also says Maine's bond repayment will take him four years, rather than 20.
The City Press has a copy of Maine's mortgage document, showing that the ANCYL president and his wife Kelebogile Puso bought the R5.4 million property last October, just six weeks after he was elected.
Maine originally made a cash offer.
A cash buyer usually has a limited period to come up with the money or a bank guarantee and the document shows that Maine's came from the Bank of India.
The politician has on numerous occasions publicly defended the Gupta family, earning him the name "the Gupta controlled Oros man".
But he insist that he is independent of the controversial family.