The high court has dismissed an application for leave to appeal against an order compelling the Gupta family to return an aircraft it bought through a Canadian bank. Export Development Canada (EDC) lent the Guptas $41m to buy their Bombardier jet. The bank approached the court on an urgent basis asking it to direct that Bombardier Global 6000 with the tail number ZS-OAK be grounded, on the basis that the Gupta family had defaulted on repayments, and to stop it from using it to commit crimes or flee from justice. The bank had said it feared that the aircraft would be seized by the Asset Forfeiture Unit (AFU). On Thursday, High Court in Johannesburg Judge Fayeeza Kathree-Setiloane said her order was not final and that it would not be in the interest of justice to grant leave to appeal in an interim ruling. “The order is not final. It applies pending the English proceedings‚” she said. “The order doesn’t dispose of the relief sought in the English courts. It only preserves the safety o...
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.