Transnet Pension Fund secures sequestration order against Gupta-linked Wood
Eric Wood is a former director of Gupta-linked Regiments Capital.
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Eric Wood is a former director of Gupta-linked Regiments Capital.
The noose seems to be tightening around those implicated in state capture and corruption over the years with the arrests of high-profile executives who were once at the helm of hollowed out state-owned entities.
The Transnet fraud and corruption case involving about R400m has been postponed to next month for pretrial processes and possible transferral to the high court.
The case against 11 executives implicated in a R398m Transnet fraud and corruption case was postponed on Friday to give the defence full disclosure of the docket's contents.
The accused made another appearance in the Palm Ridge Specialised Commercial Crimes Court on Friday.