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Jeanette Chabalala, Nokuthula Manyathi16 Apr 2018 14:41
The order makes provision for the restraint of several assets to the value of R250 202 652.00, pending the finalisation of the criminal trial. (Oupa Nkosi/M&G)
Authorities raided the Guptas’ Saxonwold compound on Monday afternoon to seize assets from those implicated in the Vrede dairy farm case, the National Prosecuting Authority (NPA) said.
“On 11 April 2017, the NPA’s Asset Forfeiture Unit (AFU) obtained a restraint order at the Bloemfontein High Court in the amount of R250 202 652.00 against the assets of several individuals and entities who were implicated in the offences of theft, fraud and money laundering, in respect of the Vrede dairy project: Estina matter.”
The order was the result of criminal investigations by the Hawks, which led to the arrest and institution of criminal prosecution against several people.
“The order makes provision for the restraint of several assets to the value of R250 202 652.00, pending the finalisation of the criminal trial and upon conviction, the AFU will apply for a confiscation order for the recovery of the said amount and or any related amounts.
“Amongst the assets forming part of the restraint order, include the following; immovable property (residential and business premises and farms), two aircrafts, a helicopter, vehicles and bank accounts belonging to certain entities, namely, Oakbay Investments, (Pty) Ltd Islandsite Investments 180, Confidents Concept (Pty) Ltd, Sahara Computer (Pty) Ltd and Westdawn Investments and Aerohaven Trading.”
Around 20 officials entered the gates of the compound earlier on Monday, while police officers stood outside.
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