The National Prosecuting Authority (NPA) has lost a major battle in its campaign to claw back the billions of rand estimated to have been lost to state capture corruption, after the high court in Johannesburg reversed the freezing of more than R1bn in assets allegedly linked to the looting of Transnet.

Judge Maletsatsi Mahalelo found that investigative directorate head Hermione Cronje had failed to disclose "material facts" when she successfully applied in November 2019 for the assets of Regiments Capital directors Niven Pillay, Litha Nyhonyha and Eric Wood to be frozen, on the basis they were the potential proceeds of crime...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now