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.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

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

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 /  🏆 46. in KR

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