The NPA lodged an application on Friday seeking a preservation order for the attachment of all of Tegeta's shares in Optimum Coal Mine (OCM) and Optimum Coal Terminal (OCT).
that the commission recommended the NPA investigate for potential prosecution for State Capture crimes. According to the recommendations, the NPA should consider prosecuting the following individuals for activities relating to the Gupta-owned Optimum Coal Mine:“Members of” the Gupta family.
Rabaji-Rasethaba said the implementation of the business rescue would amount to a criminal offence under, which deals with the proceeds of unlawful activities. The business rescue plan “would amount to the commission of a money laundering offence”, she added. Sindisiwe Seboka, spokesperson for the NPA’s Investigating Directorate , said in a statement issued after the authority approached the court: “The application seeks to have the shares owned by Tegeta Exploration & Resources Ltd to be forfeited to the state on grounds of having been acquired through proceeds of unlawful activities and the instrumentality of money laundering under the Prevention of Organised Crimes Act .
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