NPA goes after Gupta assets in Dubai
But the going will not be easy, as it involves Gateway, a shelf company registered in Ras al-Khaima, a highly secretive offshore company jurisdiction
Just days after the Guptas won a major legal battle against the state in the Estina Dairy Project case‚ the National Prosecuting Authority has confirmed that it has won a court order to go after R169m linked to the alleged scam — in Dubai. The NPA’s Luvuyo Mfaku told TimesLIVE that curator Eugene Nel was appointed to trace this money‚ which was allegedly paid by Estina to a company called Gateway Limited. The state successfully applied for this money to be frozen on the basis that it is the "proceeds of unlawful activities". "The curator has confirmed that Gateway is‚ in fact‚ a shelf company‚" Mfaku said. "So the next step is for him to be appropriately recognised by the Dubai authorities‚ so that he can trace where the money was moved and potentially seize assets in a bid to recover it. "That process is currently under way." While investigative unit amaBhugane has described Gateway as "little more than a Gupta front" that is administered by a "Gupta subordinate"‚ the family has de...
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