Consequences of lifting the Gupta assets

Author:
SABC Digital News
Publisher:
SABC Digital News
Publication Date:
28 May 2018
Tags:
South Africa

Monday, the Bloemfontein High Court judge, Phillip Loubser, ordered the lifting of an Asset freeze on two hundred and fifty million rands in assets belonging to the Gupta family. The freeze, granted in April, was on assets reportedly including cash, cars and a helicopter as part of an investigation into theft, fraud and money laundering at the state-backed Astina dairy project in the Free State. Judge Loubser said the NPA's application for the asset freeze was marred by shortcomings. For a look at what this development means, were joined by a former judge and member of the Joburg Bar, Advocate Deon Pool.


InFocus

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 ... Read more »

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