The Guptas’ multibillion-rand Optimum Coal Holdings — including the Optimum Coal Mine and the Optimum Coal Terminal — have been preserved by an order of the high court in Pretoria.
The business, which the Guptas and Duduzane Zuma bought with allegedly laundered money and a prepayment from Eskom, has been under the control of business rescue practitioners.
Believed to be worth in the region of R4bn, it is now the largest asset ever preserved by the state in the history of the National Prosecuting Authority (NPA).
The court found in favour of the Investigating Directorate, whose heads of argument were written by advocate Matthew Chaskalson SC and advocate Kate Hofmeyr SC, whom South Africans would know as evidence leaders at the Zondo commission into state capture.
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Guptas’ multibillion-rand Optimum Coal Holdings preserved by court order
Image: Kevin Sutherland
The Guptas’ multibillion-rand Optimum Coal Holdings — including the Optimum Coal Mine and the Optimum Coal Terminal — have been preserved by an order of the high court in Pretoria.
The business, which the Guptas and Duduzane Zuma bought with allegedly laundered money and a prepayment from Eskom, has been under the control of business rescue practitioners.
Believed to be worth in the region of R4bn, it is now the largest asset ever preserved by the state in the history of the National Prosecuting Authority (NPA).
The court found in favour of the Investigating Directorate, whose heads of argument were written by advocate Matthew Chaskalson SC and advocate Kate Hofmeyr SC, whom South Africans would know as evidence leaders at the Zondo commission into state capture.
TimesLIVE
Support independent journalism by subscribing to the Sunday Times. Just R20 for the first month.
READ MORE:
Court finds grounds to believe funds used to buy Optimum mine were illegally obtained
Business rescue practitioners accuse NDPP of 'infringing' right to conduct business on Gupta-owned mine
‘The powerful play football with our livelihoods’: Community marches to Optimum coal mine
‘Don't allow Gupta enabler to grab Optimum,’ warns Hermione Cronje
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