High Court Lifts Asset Freeze on Gupta-Linked Companies
The Bloemfontein High Court has ruled in favour of the companies - lifting a freeze on U.S.19.8 Million in assets. Judge Phillip Loubser said there are no reasonable grounds that the companies and individuals received gifts from Estina Dairy Project. Those arrested were Estina director Kamal Vasram, former directors at the Guptas' holding company Oakbay - Varun Gupta, Ronica Ragavan, Nazeem Howa and Ashu Chawla - and Free State officials Peter Thabethe, Sylvia Dlamini, and Takisi Masiteng.
The Hawks raid the Gupta home in Johannesburg on February 14, 2018.
One of the Gupta brothers - Atul - has filed court papers challenging a preservation order to freeze U.S.$855,000 in his bank account, which is allegedly linked to the Estina dairy ... Read more »
The Asset Forfeiture Unit, the South African Revenue Service and the police descended on the Gupta Saxonwold residence with a restraint order for R250 million in movable assets. ... Read more »
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