The Asset Forfeiture Unit of the National Prosecuting Authority has obtained a provisional High Court order to freeze the assets of the State Capture-accused financial advisory company, Regiments Capital.
It is not immediately clear whether Wood, Pillay or Nyhonyha or their companies will challenge the draft order, one of the most significant since the NPA’s new-guard under Shamila Batohi began tackling State Capture-linked cases earlier in 2019. Specifically excluded from the order, are the Capitec shares Regiments had agreed to transfer and sell to theIn that earlier deal struck with the TSDBF — billed as an effort by Pillay and Nyhonyha to “right the wrongs” of State Capture — Regiments had agreed to a payment in excess of R500-million to settle civil claims emanating from a series ofPart of that settlement deal with the TSDBF involved the lifting of anti dissipation orders that have been in place and which had, until now, blocked...
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