Log in

State freezes Gupta assets up to R1.6 billion

The Committee on justice and Correctional Services has assured that no stone will be left unturned and criminals must be stopped. (Image) Dr Mathole Motshekga Parliament The Committee on justice and Correctional Services has assured that no stone will be left unturned and criminals must be stopped. (Image) Dr Mathole Motshekga

No stoned to be left unturned says Justice Committee

January 17, 2018

Staff Reporter

Parliament, South Africa: The Committee on justice and Correctional Services has assured that no stone will be left unturned and that criminals will be stopped in their tracks as they welcomed that news of freezing assets of the Gupta family to the amount of R1.6 billion.

Chairperson for the Committee, Dr Mathole Motshekga said the committee has assured that criminals will be stopped in their tracks and that they do not benefit from the proceeds of such criminal activities.

“Criminals must know that the law will deal with them in all respects in the harshest possible way. Nobody is above the law,” said Motshekga.

This comes after the committee noted media reports that the Asset Forfeiture Unit (AFU)- that falls under the National Prosecuting Authority (NPA)- will today serve a summons to preserve the assets of the Gupta family to the tune of R1.6 billion.

Motshekga said the committee welcomed this process that was now started by the AFU.

“The Committee expressed the wish that this process should continue without fear or favour,” he said.

The committee said in a statement that the AFU applied for three separate orders at the high court in Pretoria as well as the high court in Bloemfontein last month, and the ex parte applications seeking orders to preserve the Guptas’ assets were granted.

The application was brought in terms of the Prevention of Organised Crime Act, which allows assets of defendants in criminal cases -or people who have yet to be criminally charged – to be preserved pending the outcome of their judgement.

After they have been successfully prosecuted, the assets are then permanently forfeited to the state. Under the act, the assets in question are alleged to have been acquired with the proceeds of crime.

Sne