South Africa: Regiments Capital Owners Score High Court Victory Over NPA

analysis

The National Prosecuting Authority has lost a vital first round against the now liquidated Regiments Capital but is studying the ruling.

The High Court in Johannesburg has discharged a draft restraint order obtained by the National Prosecuting Authority (NPA) to secure more than R1-billion in assets belonging to Regiments Capital and its owners, Eric Wood, Niven Pillay and Litha Nyhonyha and their respective family trusts.

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