Gupta companies facing liquidation

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Seven companies owned by controversial Gupta lieutenants Eric Wood and Salim Essa will be wound down following a South Gauteng High Court order.

Spokesperson Sikonathi Mantshantsha said Eskom obtained an order to recover the R600m including interest. The SA Revenue Service is also among creditors demanding money from Trillian.

The SCA ruled that the directors of Islandsite and Confident Concept were not entitled to act on the order for the removal of Knoop and Klopper as business rescue practitioners by nominating new business rescue practitioners and that the hiring of their replacements was invalid and of no force and effect.

 

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Doesn't help, all the money has been transferred overseas, what's remaining are crumbs!

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Zondo 'troubled' by Eskom board that mistakenly approved R1.6bn for Gupta companyState capture inquiry chair Raymond Zondo said it was “troubling” that a whole board of 12 members was so incompetent that it would allow such a costly lapse in oversight. Withdrawals today !!! I really appreciate all you've done for me, you are the best and I promise to spread your good work Thank you Johnteddy63 It happened right under Ramaposa's big nose n he didn't say anything, now Bring Brian Molefi back so we can get his side of the story Zondo will catch covid and soon he will 'be with the lord'
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