NPA seeks to restrain Gupta assets - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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The National Prosecuting Authority’s Investigating Directorate has sought that the Bloemfontein High Court issue an order restraining Gupta assets.

The National Prosecuting Authority’s offices.

Arguments in the case are expected to be heard on Thursday and Friday in the High Court in Bloemfontein.‘s assets combined are estimated at a value of more than R13 million while the Gupta assets are more than R30 million.in the province.“The NPA will fight for the Gupta assets including the family’s strong associate Iqbal Sharma to remain in state custody.

The R24.9 million was paid to Nulane to conduct a feasibility study for the Free State’s flagship project Mohoma Mobung, on the basis that Nulane had unique skills to perform the work. The former government officials are also charged with contravention of the Public Finance Management Act. The group is charged together with two companies Nulane Investments and Islandsite.

 

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