Gopolang Moloko
1 minute read
17 Apr 2018
4:44 pm

Guptas intend to fight seizure of their assets

Gopolang Moloko

Authorities have now laid claim to just about anything in the Guptas' name.

The Hawks are pictured outside the Gupta compound in Saxonwold,14 February 2018. The Hawks raided the residence as part of the unit's investigation into state capture. Picture: Tracy Lee Stark

The Guptas reportedly intend to challenge the Asset Forfeiture Unit’s decision to secure their assets.

Their lawyer is likely to be in the High Court in Pretoria on Thursday after various fixed assets and bank accounts were seized on Monday.

The Hawks, the AFU and the National Prosecuting Authority (NPA) were at the family’s Saxonwold residence to secure more than a dozen items linked to the Estina dairy farm scandal.

Reports indicate that Gupta attorney Rudi Krause plans to challenge the NPA on the restraint order granted against them.

The NPA obtained an order for the asset seizure from the High Court in Bloemfontein in April 2017. It 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”.