Outa wants colliery funds frozen, after Guptas fail to halt Bank of Baroda closures
Outa is seeking an urgent interdict to prevent R1.75bn in rehabilitation funds leaving the country
21 September 2017 - 10:03
Hours after the High Court in Pretoria dismissed the Guptas’ application for an urgent interdict to stop the Bank of Baroda closing their bank accounts, civic group Outa said it would file an urgent interdict to compel the bank to freeze R1.75bn in rehabilitation funds for the Optimum and Koornfontein collieries. The High Court in Pretoria has dismissed the Gupta’s application for an urgent interdict to stop the Bank of Baroda from closing their bank accounts. The Guptas’ high court application was dismissed with costs on Thursday.
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.