Guptas back in court to regain frozen assets

File: The Guptas' assets were seized by the National Director of Public Prosecutions and the National Prosecuting Authority in connection with the failed Estina Dairy Project. Photo: Gallo Images/Business Day/Martin Rhodes

BLOEMFONTEIN – The Guptas' attempt to regain their assets worth around R180-million will be heard in the Bloemfontein High Court on Thursday. 

This time, the state will be represented by legal heavyweight, Wim Trengove. 

The seven applicants include Oakbay Investments, its acting CEO, Ronica Ragavan and the Guptas' nephew Varun Gupta, who has since been granted permission to leave South Africa

EXCLUSIVE: Ajay Gupta denies being a fugitive

The assets were seized by the National Director of Public Prosecutions and the National Prosecuting Authority in connection with the failed Estina Dairy Project.

The NPA alleges that funds intended for the dairy farm project were laundered and placed into Bank of Baroda accounts linked to the Guptas.

It comes after Ajay Gupta earlier in the week denied he is a fugitive from justice. 

In an exclusive interview with eNCA, he denied his family is involved in any wrongdoing. 

 

eNCA

Discussion Policy

eNCA.com would like to send you push notifications.
Notifications can be turned off any time in your browser settings.
You have been registered for browser notifications