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yebocan
Honorary Master
- Joined
- Sep 22, 2005
- Messages
- 14,008
The Asset Forfeiture Unit is going after the Gupta family, and is set to serve summonses on them on Tuesday morning to preserve assets of theirs worth in the region of R1.6 billion.
This move will be the first time the State has taken action against President Jacob Zuma’s friends, who have been at the forefront of capturing the South African state.
The unit falls under the National Prosecuting Authority.
The Asset Forfeiture Unit applied for three separate orders at the high court in Pretoria as well as the high court in Bloemfontein last month, and the ex parte applications seeking orders to preserve the Guptas’ assets were granted.
Three senior officials at the Asset Forfeiture Unit and the National Prosecuting Authority confirmed to City Press that the unit sought to preserve Gupta assets worth R1.6 billion, which will be placed under curatorship.
The application was brought in terms of the Prevention of Organised Crime Act, which allows assets of defendants in criminal cases – or people who have yet to be criminally charged – to be preserved pending the outcome of their prosecution.
After they have been successfully prosecuted, the assets are then permanently forfeited to the state.
Under the act, the assets in question are alleged to have been acquired with the proceeds of crime.
City Press understands that the process was meant to be accompanied by the arrests of members of the Gupta family, who are also the business partners of Zuma’s son Duduzane, as well as some of their close associates, which include senior politicians.
But exactly which members of the Gupta family this will involve and when the arrests will be effected are not yet clear.
http://city-press.news24.com/News/t...s-sights-on-assets-worth-about-r16bn-20180115
This move will be the first time the State has taken action against President Jacob Zuma’s friends, who have been at the forefront of capturing the South African state.
The unit falls under the National Prosecuting Authority.
The Asset Forfeiture Unit applied for three separate orders at the high court in Pretoria as well as the high court in Bloemfontein last month, and the ex parte applications seeking orders to preserve the Guptas’ assets were granted.
Three senior officials at the Asset Forfeiture Unit and the National Prosecuting Authority confirmed to City Press that the unit sought to preserve Gupta assets worth R1.6 billion, which will be placed under curatorship.
The application was brought in terms of the Prevention of Organised Crime Act, which allows assets of defendants in criminal cases – or people who have yet to be criminally charged – to be preserved pending the outcome of their prosecution.
After they have been successfully prosecuted, the assets are then permanently forfeited to the state.
Under the act, the assets in question are alleged to have been acquired with the proceeds of crime.
City Press understands that the process was meant to be accompanied by the arrests of members of the Gupta family, who are also the business partners of Zuma’s son Duduzane, as well as some of their close associates, which include senior politicians.
But exactly which members of the Gupta family this will involve and when the arrests will be effected are not yet clear.
http://city-press.news24.com/News/t...s-sights-on-assets-worth-about-r16bn-20180115
