Supreme Court upholds confiscation of R60m from company linked to ex-ANC leader John Block

  • 📰 TimesLIVE
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 59%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The Supreme Court of Appeal (SCA) on Tuesday upheld the Asset Forfeiture Unit's confiscation of R59.8m belonging to the Trifecta group of companies to the state.

The National Prosecuting Authority said the SCA struck Trifecta’s application for leave to appeal and condonation against the Kimberley High Court’s decision off the roll. The high court's decision ordered the forfeiture on the basis that there was no proper explanation for the lengthy delay of about 10 months before Trifecta launched its application.

The NPA said on Tuesday that the SCA's judgment brought to finality both criminal and financial investigations, which commenced in 2011. The charges on which Block and Scholtz were convicted arose from lease agreements from May 2006 to August 2008 between various state entities and departments in the Northern Cape and members of what became known as the Trifecta Group of Companies.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 28. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines