NPA ordered to release cash, cars and a helicopter back to Guptas

The Guptas have reigned victorious in their case against the NPA which will see them have over R250-million in the family’s business and personal assets unfrozen.

Bloemfontein High Court Judge Phillip Loubser found that there was currently not a reasonable basis to believe that Gupta family members‚ associates and businesses would be convicted on the charges they currently face linked to the Estina Dairy Project.

The Asset Forfeiture Unit applied for the “restraint” of R250-million in Gupta assets‚ which include 43 residential‚ farm and business properties‚ two aircraft‚ a helicopter‚ a Porsche‚ Lamborghini‚ Range Rovers and other cars and bank accounts belonging to Oakbay Investments and Sahara Computers. They were granted an order for the restraint of these assets‚ which would have been subject to confiscation if and when the state succeeded in convicting those implicated in the alleged scam.

The Guptas and their associates challenged that order on the basis that the state did not have adequate evidence to convict them of the charges against them.

Loubser agreed‚ pointing out in court on Monday that evidence that the National Director of Public Prosecutions had relied on to support the preservation of the Gupta assets “shows many shortcomings at this point”.

[Source: TimesLIVE]

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