New court application shows the family is making an attempt to bag R1bn from Optimum mine business rescue, writes Dewald van Rensburgin Bermuda to secure R1 billion from the estate of the Optimum Coal Mine has been rubbished as just one more attempt to make the business rescue of various Gupta companies grind to a halt.
detailing suspicious flows of money between Centaur in Bermuda, Optimum and, ultimately, the wider Gupta business empire in South Africa. Optimum’s business rescuer Kurt Knoop filed his responding affidavit last week in which he makes these allegations against Centaur under oath.“The fact that [Centaur] is an independent creditor has nothing to do with, and cannot justify, the obvious inferences that flow from the aforesaid facts; namely, that Centaur, its directors and shareholders have close associations with the Guptas, and seems to have assisted in channelling and laundering money.
Creditors like Centaur will, however, see their own claims massively reduced in favour of this post-commencement finance when the business rescue ends.Centaur has, in its own court papers, dismissed its Gupta links and argued that it is simply a creditor insisting that its claim does not get prejudiced by the “abject incompetence” of the rescue practitioners.
Other parts of the bank statements show Mabengela Investments, mostly owned by former president Jacob Zuma’s son Duduzane, getting a monthly payment of R288 000. Confident Concepts, a company fully owned by the Gupta brothers, received a monthly payment of R399 000. Confident Concepts is a shell company that owns some of the family’s properties, including their house in Saxonwold, Johannesburg.
They are so full of it. Are the employees' salaries pension taxes etc up to date. Are the creditors paid in full and who contracted them for what and how much. Just send the devil's spawns to jail.
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