Atul Gupta at his family's compound in Saxonwold. The property is now in the hands of the state.The National Prosecuting Authority has set its sights on the Gupta-owned Optimum Coal Mine , which is in business rescue, in an ambitious plan to have it forfeited to the state as proceeds of crime.
If the order is granted, this will be the most valuable Gupta asset in the SA government’s hands since the state capture scandal broke. Other Gupta assets frozen by the state include a private jet; a house in Saxonwold, Johannesburg; and one in Constantia, Cape Town. In an affidavit filed by Hermione Cronje, head of the NPA’s Investigative Directorate, the authority stakes its claim to R1.3bn arising from coal prepayments and loans belonging to UK-based Templar Capital. These were ceded to it by a Bermuda-based company, Centaur Venture Ltd , last June.
“The purpose of the preservation order sought is to ensure that the property is preserved pending the outcome of an application for a forfeiture order in terms of section 48 of the POCA . In terms of section 40 of the POCA, such an application must be brought within 90 days of the publication of the preservation order in the Government Gazette,” Cronje said in the papers.
R152m loan from Trillian Management Consulting, a company belonging to another Gupta fixer, Salim Essa, that was paid R600m by Eskom despite not having a contract;R100m in residual funds in Tegeta’s Bank of Baroda account derived from multiple sources
Andile Ramaphosa is your hero. Anyway, the Nkandla saga has you on your toes
NPA is selective in their prosecution, what happened to Steinhof
Contact me when you’ve got our money back.
Steinhof and Tongaat Hullet are untouchable. They stole more than R10B mostly belonging to the working class pension funds. White previlage at its best. LandNoli _AfricanSoil CoruscaKhaya BayedeNews News24
The pain is felt at Nkandla
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Source: TheCitizen_News - 🏆 6. / 75 Read more »
NPA guns for Gupta-owned Optimum Coal MineThe mine will be the most valuable Gupta asset in the hands of the state since the state capture scandal broke IFC_org BBCWorld WHO EU_Commission eu_eeas AusGov NewZealandGov EnglandGov MoodysInvSvc stat_world questCNN MinPres NEDemocracy en_germany UKParliament DailyMailUK SwedenUN swiss_un FBI FitchRatings UN Why can’t the state take the mine as payment for the billions stolen? Where is willie hofmeyr and his assets seizing G-men now we need them
Source: BDliveSA - 🏆 12. / 63 Read more »
NPA guns for Gupta’s Optimum Coal MineThe mine will be the most valuable Gupta asset in the hands of the state since the state capture scandal broke They have been gunning since the death of Jesus. It's about time, that mine bought through corrupt money by Eskom. It should be either be taken over by Eskom or government. We need government that's not gonna be tolerant of corruption from its citizens and foreigners, foreigners doing crime should feel it harder.
Source: BDliveSA - 🏆 12. / 63 Read more »
NPA guns for Gupta mineIf the preservation order is granted, it will be the most valuable Gupta asset in the hands of the state since the state capture scandal broke. Hopefully they are successful and remove the mine from the Gupta parasites. When the fail they bring back Gupta propaganda Natives are woke We do reach Some of us can see through WMC and we r not shaken the tym is coming.
Source: TimesLIVE - 🏆 28. / 59 Read more »
NPA accuses Ace Magashule of trying to delay his corruption trialThe suspended ANC secretary-general has asked the Bloemfontein high court to declare that the state has no case against him capable of successful prosecution, adding that his prosecution was a “smear campaign”. This one has learned from Zumas Stalingrad tactics Or should I say Zumangrad optics Congratulations to the lucky winners yesterday.We are still giving out a payment of R17000 to R19000 to the first 30 people to comment CASH just like we did yesterday .
Source: SowetanLIVE - 🏆 13. / 63 Read more »
Source: TheCitizen_News - 🏆 6. / 75 Read more »