Judge orders state to pay Gupta costs in Estina farm case | Fin24
 
  • Load Shedding

    Find the latest load shedding schedules for Joburg, Durban, Cape Town, and other cities.

  • Credit Rating

    SA can still avoid a downgrade to junk by Moody’s, says Reserve Bank Governor Lesetja Kganyago.

  • Fin24’s newsletter

    Sign up to receive Fin24's top news in your inbox every morning.

Loading...

Judge orders state to pay Gupta costs in Estina farm case

Mar 09 2018 13:13
Renee Bonorchis, Bloomberg

Johannesburg - The national director of public prosecutions has been ordered to pay the costs of lawyers hired by Atul Gupta and four companies linked to his family, after they opposed the seizure of assets linked to the Estina dairy farm in the Free State province.

Bloemfontein High Court Judge Andre Fouche Jordaan said on Friday he was amending the original preservation order.

State prosecutors earlier this year alleged Gupta illegally received R10m of taxpayers’ money that was meant to have been invested in the government-backed dairy farm.

The National Prosecuting Authority froze the project’s assets on January 19 after more than R220m destined for the farm was said to have been transferred to Gupta, via the Bank of Baroda, and a number of companies and associates.

Those parties fought back, saying there was no evidence they received the proceeds of crime and asking that the funds be released.

* Sign up to Fin24's top news in your inbox: SUBSCRIBE TO FIN24 NEWSLETTER

gupta family  |  state capture  |  sa economy  |  corruption
NEXT ON FIN24X

 
 
 
 

Company Snapshot

#MINIBUDGET2019

Struggling power utility Eskom will take centre stage at this year's mini budget
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

What do you think about private healthcare in SA?

Previous results · Suggest a vote

Loading...