The high court in Pretoria on Wednesday said the National Director of Public Prosecutions had established, at first glance, a case that the Optimum Coal Mine properties bought by a Gupta-owned company are the proceeds of unlawful activities.
In its application, the NDPP explained in the founding affidavit that the assets targeted are the very assets that gave rise to the public protector’s findings in her October 2018 “State of Capture” report.
This conduct allegedly facilitated the acquisition by certain members of the Gupta family of the business of OCM through a transaction in terms of which a company known as Tegeta Exploration and Resources acquired all the shares and claims of Optimum Coal Holdings in OCM and OCT.
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