JUST IN | Big state capture win for NPA, as High Court overturns ruling unfreezing Gupta-linked assetsA full bench has overturned a Gauteng High Court ruling that unfroze R1 billion in assets linked to the alleged looting of Transnet by Gupta associates.
The National Prosecuting Authority has scored a major victory in its battle to take on state capture corruption – by overturning a Gauteng High Court ruling that unfroze R1 billion in assets allegedly linked to the looting of Transnet. According to court papers filed by the NPA, Pillay, Nyhonyha and Wood are expected to face charges for crimes linked to the unlawful advisory services deals Gupta-linked consultancy company Regiments scored with Transnet, primarily in relation to its purchase of 1 064 locomotives.
Keightley further pointed out that Pillay, Nyhonyha and Wood had themselves acknowledged that Regiments had actually not paid the settlement amount to Transnet.Until such payment was made, the agreement was not relevant to the restraint proceedings. Adv Cronje was under no obligation to investigate and inquire into the Transnet settlement's existence.
karynmaughan AWESOME NEWS!
karynmaughan Has the horse not bolted by now, making this a phyric victory?
karynmaughan Let the game begin..
NPA_Prosecutes karynmaughan ❤️❤️❤️
karynmaughan Whew! A big tussle this
karynmaughan If you look at how quick the Europeans and Americans froze Russian assets make you think about for who this Constitution of SA is. Nothing gets done in this country with our courts always making the final decision that takes years.