Three businessmen at the centre of State Capture -- Eric Wood, Niven Pillay and Litha Nyhonyha, their companies and family trusts have been ordered to surrender all assets to a court-appointed curator after the National Prosecuting Authority successfully obtained a High Court order in terms of the Prevention of Organised Crime Act.
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.
A devastatingly comprehensive order handed down in chambers at the High Court in Johannesburg on Monday provides for all assets linked to Regiments, its remaining two directors, Niven Pillay and Litha Nyhonyha and their former partner, Eric Wood -- as well as those held by their respective family trusts, by their lawyers or other third parties -- to be surrendered to a court-appointed curator.
Secured by the NPA in terms of the Prevention of Organised Crime Act, the order compels the "defendants," to disclose and surrender all assets and interests in South Africa and abroad to a court-appointed curator, Eugene Nel of Vesticraft.
Daily Maverick has not had sight of the NPA's application for this case, but the order...