Guptas claim victory as state withdraws NPA’s bid to freeze their mines’ trusts
However, the money has to be withdrawn from the Bank of Baroda accounts and deposited with the Mineral Resources Minister
The Gupta family has claimed another victory in its legal war with the National Prosecuting Authority (NPA) after the state withdrew its bid to freeze the Gupta-owned Optimum and Koornfontein mines rehabilitation trusts. But the NPA is disputing the family’s claims that it suffered a third defeat in its ongoing state-capture litigation‚ and says it agreed to settle to allow the estimated R1.7bn in the trusts to be deposited with Mineral Resources Minister Gwede Mantashe. "We got what we wanted. The money has been taken out of the hands of the Guptas’ trustees‚" NPA spokesperson Luvuyo Mfaku said. The North Gauteng High Court has ordered that‚ while preparations are made for the money to be deposited with Mantashe’s department‚ the money be transferred from the Bank of Baroda to a Nedbank account. National Director of Public Prosecutions (NDPP) Shaun Abrahams has been ordered to pay the costs of the rehabilitation funds trustees‚ who challenged the NPA’s freezing of the trusts as utt...
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