Gupta family may attempt to flee the country

The Democratic Alliance has appealed to ANC president Cyril Ramaphosa to ensure that South Africa’s borders and airports are put on alert in order to stop the Gupta family from trying to flee the country ahead of their reported imminent arrests.

 At least 14 people and entities linked to the alleged corruption by Gupta-linked company Trillian and international consultancy firm McKinsey have been identified in a preservation order obtained by the Asset Forfeiture Unit. 

The December 14 order, obtained in the North Gauteng High Court in Pretoria, seeks to recoup assets worth an estimated R1.6 billion as the State finally goes after those identified in probes into state capture, by the family linked to President Jacob Zuma. 

The AFU is going after the big shots at Trillian and McKinsey. The people named in the court order include Eric Wood who is Trillian CEO, Trillain CFO Tebogo Leballo and Prakash Parbhoo, a partner at McKinsey and Jean Pierre Goerges Desvaux, who is a senior partner and managing partner at McKinsey.

The court order also identifies Trillian property in the high-end business precinct Melrose Arch in Johannesburg. 

A Durban-based curator, Medwin Madoda Sifiso Nxumalo, has been appointed.

Nxumalo will have powers, duties and authority to “assume control of the property and do any and all things necessary to preserve the property while the order is in force”, the order states.  

The AFU went to court for an order against the global company as well as the Gupta-linked Trillian Capital Partners for allegedly scoring an invalid contract from Eskom.

Others named in the order include: Veronica Magwentshu, Thabiso Legoete, Johannes Faure, Daniel Roy, Trillian Capital Partners, Trillian Finanical Advisory, Trillian Management Consulting, Trillian Properties, Trillian Securities, McKinsey and Company Africa, and “any other person who becomes known to the applicant as having an interest in the property.

NPA denies rumours of arrest warrants issued for Guptas

The National Prosecuting Authority has denied that any arrest warrants have been issued in relation to state capture.

It was also revealed that the Asset Forfeiture Unit is working on at least 17 cases related to state capture and is seeking to recover around R50-billion‚ according to acting AFU head‚ Advocate Knorx Molele.

While neither could go into great detail of the ongoing cases‚ Govender emphasised that the cases were being given priority and extra resources had been provided to speed up the process.

Around 20 prosecutors were working on the investigation into state capture‚ of which there were eight legs she explained‚ seven of which stemmed from former public protector Thuli Madonsela’s State of Capture report.

The interview comes after revelations that the AFU had obtained preservation orders against global consultancy McKinsey and Gupta-linked Trillian Capital Partners for R1.6-billion for work done in relation to Eskom.

Molele was confident the funds would be recovered‚ possibly in the next few days‚ and indicated that McKinsey had indicated a willingness to pay back the money.

Sources: TimesLIVE, BusinessTech, News24


About Indianspice Staff Reporter

Report and write stories for Indianspice.co.za. It is our ambitious goal to cover issues/events/news concerning South Africa and the diaspora.

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