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The order marks the end of the NPA’s case to seize Optimum assets on the grounds that the Gupta-owned Tegeta Resources bought it with the proceeds of crime in 2016.
The NPA lodged an application on Friday seeking a preservation order for the attachment of all of Tegeta's shares in Optimum Coal Mine (OCM) and Optimum Coal Terminal (OCT). The NPA lodged an application on Friday seeking a preservation order for the attachment of all of Tegeta's shares in Opti...
McGowan said the almost unanimous support recognised that any delays in the implementation of the business rescue plan served only to defer employment opportunities and deprive the local mining communities of much-needed sustenance.
One of my favourite programmes of the moment is Ozark, a Netflix series about a family that gets caught up in a Mexican drug cartel. The father and lead male character, Marty Byrde, is an accountant. And not just any accountant; he is an expert in money laundering.
Evidence before the state capture commission suggests the Gupta family had an interest in Alexkor's diamond sales and aimed to use a repurposed the mine for their own coal interests.