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R24.9 million Nulane Investment fraud case due back in court | The Citizen

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👩‍⚖️One of the key state capture-related cases involving the Gupta brothers is the R24 million Nulane Investment scandal, which is expected to be back in court on Thursday. Catch up on the story here: Guptas StateCapture

The now infamous Estina dairy farm was one of the programmes included in the province’s Mohoma Mobung project.

In the charge sheet handed to the accused during the last court appearance, the State alleges that the group colluded to divert funds earmarked for rural development in the Free State and placed them at the disposal of the Gupta family. “The R24.9 million was purportedly paid to Nulane to conduct a feasibility study for the Free State Province’s flagship Mohoma Mobung project, on the basis that Nulane had unique skills to perform the work.

“Nulane Investments, however, had no employees on its books and in fact subcontracted Deloitte Ltd to produce the report, for which Deloitte was paid R1.5 million. “The only change made to the Deloitte report was to identify Paras diary as a suitable implementing partner for the development of a milk processing plant in Vrede,” said ID national spokesperson Sindisiwe Seboka in a statement.Meanwhile, the corruption case against former Mineral Resources Minister Mosebenzi Zwane and his 16 co-accused on Wednesday was transferred to the Bloemfontein High Court and will be heard on 25 January 2023.

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