High Court dismisses objection to prevent Outa making applications in Gupta-linked mining trusts
The High Court in Pretoria on Thursday dismissed an objection by the trustees of mining rehabilitation funds of two Gupta-owned companies. The aim of the objection was to prevent the lobby group Organisation Undoing Tax Abuse (Outa) from making submissions in the trustees’ application to release attached assets. The trustees, for the time being, of the Optimum Mine Rehabilitation Trust, and trustees, for the time being, of the Koornfontein Mine Rehabilitation Trust, on Thursday applied for the reconsideration of the order granted by the Pretoria High Court in March in favour of the National Director of Public Prosecutions (NDPP). The March order‚ obtained by the NDPP without the trustees’ knowledge‚ preserved the mining rehabilitation funds of Optimum Mine and Koornfontein Mine that were held by the Bank of Baroda‚ which left the country at the end of March. The March order said the money in the trusts must be transferred from the Bank of Baroda to Nedbank for safekeeping‚ with inte...
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.