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GUPTA'S ASSETS SEIZED AS THEIR SAXONWOLD COMPOUND IS RAIDED AGAIN


Date: 2018-04-16
newsfeeds24,criminal trial,Vrede dairy project: Estina,money laundering, fraud,theft,NPA,National Prosecuting Authority,Vrede dairy farm case,assets siezed,police raid,Saxonwold compound,Ajay Gupta,Gupta,

newsfeeds24,criminal trial,Vrede dairy project: Estina,money laundering, fraud,theft,NPA,National Prosecuting Authority,Vrede dairy farm case,assets siezed,police raid,Saxonwold compound,Ajay Gupta,Gupta,

newsfeeds24,criminal trial,Vrede dairy project: Estina,money laundering, fraud,theft,NPA,National Prosecuting Authority,Vrede dairy farm case,assets siezed,police raid,Saxonwold compound,Ajay Gupta,Gupta,

South Africa's National Prosecuting Authority (NPA) said that authorities raided the Guptas' Saxonwold compound on Monday afternoon to seize assets from those implicated in the Vrede dairy farm case.

"On 11 April 2017, NPA (Asset Forfeiture Unit) obtained a restraint order at the Bloemfontein High Court in the amount of R250 202 652.00 against the assets of several individuals and entities who were implicated in the offences of theft, fraud and money laundering, in respect of the Vrede dairy project: Estina matter.

"The order makes provision for the restraint of several assets to the value of R250 202 652.00, pending the finalisation of the criminal trial and upon conviction, the AFU will apply for a confiscation order for the recovery of the said amount and or any related amounts.

"Amongst the assets forming part of the restraint order, include the following; immovable property (residential and business premises and farms), two aircrafts, a helicopter, vehicles and bank accounts belonging to certain entities, namely, Oakbay Investments, (Pty) Ltd Islandsite Investments 180, Confidents Concept (Pty) Ltd, Sahara Computer (Pty) Ltd and Westdawn Investments and Aerohaven Trading."

The Hawks have been investigating this matter for some time now, which led to the arrest of several people, including Ajay Gupta, during a previous raid of the same home on Valentines Day this year.

The police kept watch at the gates while around 20 officials affected the order at the compound earlier on Monday.




Article Tags: Gupta Ajay Gupta Saxonwold compound Police raid Assets siezed Vrede dairy farm case National Prosecuting Authority NPA Theft fraud Money laundering Vrede dairy project: Estina Criminal trial Newsfeeds24

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