Net tightens on Gupta-linked Trillian
What took so long, labour federation asks ahead of court order for asset preservation being served on Trillian and McKinsey
The Asset Forfeiture Unit would on Tuesday serve an order to preserve about R1.6bn in assets of global consulting firm McKinsey and of the Gupta-linked Trillian Capital Partners, the National Prosecuting Authority (NPA) confirmed on Monday. Meanwhile, City Press reported on Monday night that the Hawks had obtained warrants for the arrest of at least one of the Gupta brothers. The unit was waiting for prosecutors at the NPA to sign off the warrants so that the arrests could be effected, it reported. A senior Hawks official told City Press that a magistrate had issued warrants of arrest for at least one of the Gupta brothers as well as an undisclosed number of the family’s associates. However, he was unable to say which of the brothers faced arrest or reveal the identity of their associates in the Hawks’s sights. NPA spokesman Luvuyo Mfaku said the action would be taken on the basis of an ex-parte application that the NPA successfully brought in the High Court in Pretoria under the Pr...
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