Magistrate Estelle de Lange handed down judgment on Tuesday afternoon.
The NPA wanted the court to see what assets Sharma owned, both in South Africa and abroad, before it decides if he was a flight risk.
Thabethe and Gupta associate, Iqbal Sharma, spent the weekend in police cells after they were arrested last week alongside former officials Limakatso Moorosi and Seipati Dlamini, who were granted bail last week.
Sharma and Thabethe are amongst 15 accused who face charges relating to the disastrous Vrede dairy farm project.
The pair, who spent the weekend at the Bainsvlei Police Station cells, are among 15 accused who face charges relating to defrauding the Free State Department of Agriculture.
A High Court-appointed curator will preserve the assets, which were seized on Friday, pending the outcome of the fraud and money laundering trial.
Limakatso Moorosi and Seipati Dlamini were arrested and charged with Gupta associate, Iqbal Sharma, and former head of department, Peter Thabethe, who are yet to apply for bail.
The NPA Investigative Directorate said that the three officials allegedly awarded the Vrede dairy farm feasibility study contract to Gupta-linked associate Iqbal Sharma’s company, Nulani, for nearly R25 million.
The group were arrested in the Free State, Gauteng and Mpumalanga on Wednesday.
Former Mineral Resources Minister Mosebenzi Zwane told the Zondo Commission that he did not know that the Free State government had contracted a Gupta-linked company in the failed Free State dairy farm project. It is alleged that almost R200 million meant for emerging black farmers in Vrede, in the Free State, flowed to Estina. Zwane appeared at the Zondo Commission on 13 May 2021.
Former Mineral Resources Minister Mosebenzi Zwane sad that he did not know that the local shops of Vrede were never supplied with milk by the Estina dairy farm or that the intended beneficiaries of the project did not benefit because he had left.
Former Mineral Resources Minister Mosebenzi Zwane is at the state capture commission on Thursday answering questions on the Vrede dairy farm and his Gupta-sponsored trips to India.
Public Protector Busisiwe Mkhwebane on Monday released a number of investigation reports at a press briefing.
Members were protesting outside the ANC’s headquarters at Luthuli House in Johannesburg on Monday.
Public Protector Busisiwe Mkhwebane had planned to release the report on Wednesday but had to postpone to allow those implicated more time to respond.
Zwane has been implicated in masterminding a scheme to take R1 billion intended for low-cost housing.
Seipati Dlamini was expected to give more evidence on the Vrede Dairy Farm saga but said she could not attend because she's been quarantined after family members tested positive for COVID-19.
The former chief financial officer the Free State depart of agriculture and Rural Development, Seipati Dhlamini, will give testimony on the Vrede Dairy Farm.
