Court blocks attempt to freeze R1.1bn in assets of Gupta-linked company Regiments Capital

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The NPA cannot freeze assets belonging to Gupta-linked Regiments Capital worth R1.1bn, the Johannesburg high court ruled on Monday.

“It is alleged that during their directorship in the Regiments companies they committed the offences of corruption, fraud and money laundering in relation to Transnet,” court papers read.

“The NDPP says that the offences were part of the state capture project aimed at enriching the defendants, the Gupta family and their associates,” the court said. “The defendants argued that the provisional restraint order was improperly sought and obtained,” the court papers read.

 

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Mandela Nhleko it’s Gupta 2 -NPA 0 do you still remember Estima assets thing

Just keep stealing as as the court and law enforcement keep messing up...

It's a minor set back, NPA has been bolstered by people who are hungry for prosecutions, perhaps the remains of Gupta allies in the NPA botched the case when they first attempted to freeze the assets, the NPA lost on a technicality which im sure they will redeem

The NPA incompetence is shocking, they don’t comprehend the basics. They are letting the Gupta associates 🚶 🚶

At some point I'd like to believe that the npa has competent staff.. That are able to apply their mind.. How defuck did they think this application would have been granted? If they had outsourced this mandate whoever did this should be slapped with cost de bona propriis

GUPTA 1- NPA 0,😏

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Blow for NPA in bid to freeze Gupta-linked company’s R1.1bn assetsThe NPA’s investigating directorate head, advocate Hermione Cronje, said the repercussions of the judgment are significant, setting a high bar for disclosure in restraint applications in the future. If the NPA is like this...What is going to happen! If the court believes that the submission of the documents was material, I don't think it's the NPA business whether the duty Judge would be overwhelmed or not. They must acknowledge that they were under prepared for the case.
Источник: IOL - 🏆 46. / 51 Прочитайте больше »

Blow for NPA in bid to freeze Gupta-linked company’s R1.1bn assetsThe NPA’s investigating directorate head, advocate Hermione Cronje, said the repercussions of the judgment are significant, setting a high bar for disclosure in restraint applications in the future. If the NPA is like this...What is going to happen! If the court believes that the submission of the documents was material, I don't think it's the NPA business whether the duty Judge would be overwhelmed or not. They must acknowledge that they were under prepared for the case.
Источник: IOL - 🏆 46. / 51 Прочитайте больше »