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Gupta-linked businessman Kuben Moodley needed deposit box contents 'to pay man threatening to kill him'

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The Bloemfontein businessman who disposed of the contents of safety deposit boxes worth R232m, which were kept by the state capture inquiry as part of an investigation, says he did so to pay a man he owed, who had threatened to kill him and his family.

The National Prosecuting Authority’s investigative directorate is seeking a contempt of court order against Kubentheran Moodley, who took safety deposit boxes containing cash, precious stones and jewellery valued at R232m.head of the NPA's investigating directorate Hermione

The directorate alleges Moodley and his company, Albatime Pty Ltd, received kickbacks from the Regiments Group of Companies relating to contracts that were improperly awarded by Transnet and by the Transnet Second Defined Benefit Fund . In his responding affidavit, Moodley said the urgency of the contempt of court application by the NPA was “uncalled for” and “unjustifiable”.

“The fact of the matter is the assets are gone. The applicant states this much. The urgency, it appears, is vested in the information as to how, where, and to what extent, when same was disposed of, and it is estimated that this is required for purposes of recovering the assets contained in the boxes, despite, as the allegations go, resorting to a period of seven years in respect of gifts under Poca [Proceeds of Crime Act].

 

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