Days of Zondo: Following the money: Asset Forfeiture Unit has grounds to seize Optimum Coal Mine, witness Paul Holden tells inquiry

The Gupta family’s acquisition of Optimum Coal Mine was funded by the proceeds of crime, the State Capture Commission was told on Friday.

“I believe the evidence will give grounds to the Asset Forfeiture Unit to consider moving an asset seizure against Optimum Coal Mine so it can be returned to the state or Eskom,” Holden said. Eskom, Holden said, may have paid as much as R1,046-billion of that, an amount significantly higher than what investigations initially determined.

Holden testified that the Guptas had repatriated vast sums of alleged criminal money arriving from their State Capture dealings back into SA to expand their business empire.The deal was done via cash flows originating with Griffin Line, a Gupta-linked company registered in Dubai.

PaulHolden's recommendation that the social impact of the economic crimes committed under the StateCapture umbrella researched is an excellent one: Too many ANC & EFF members airily dismiss the terrible price SAfns, esp the poor, have had to pay as a result of the looting!

I'm so tired of these corruption allegations which add to the staggering total (many billions & counting!) looted by StateCapture rogues who prance in & out of courts & the ZondoCommission, airily denying all & blaming anyone & everyone else!!

What are they waiting for?

Peterman43 I hope the AFU takes note and action.

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