Stay updated with breaking news from Peet Maritz. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The Gauteng High Court has ordered the provisional sequestration of Gupta associate Eric Wood's estate, ruling in favour of Transnet's Second Defined Benefit Fund.
The Transnet Second Defined Benefit Fund (TSDBF) has launched urgent court proceedings in a bid to sequestrate Eric Wood. Wood was the chief executive officer of the now defunct Trillian Capital Partners, a financial advisory firm embroiled in the State Capture scandal. The TSDBF says it has claims in excess of R300-million against Trillian and says Wood’s personal estate is insolvent. It accuses the Johannesburg businessman of having committed various acts of insolvency that prejudiced creditors. It cites, as examples, Wood allegedly having flogged a R3-million McLaren to a luxury car de...