NPA begins first battle for captured billions
The state is confident it can show there is a reasonable possibility Regiments directors will be convicted
The National Prosecuting Authority (NPA) will fight the first major battle in its campaign to prosecute those responsible for state capture corruption – and claw back the billions stolen from public coffers – when it defends the freezing of more than R1bn linked to the looting of Transnet.
According to papers filed at the Johannesburg High Court, it is clear the state is confident it has done enough to show there is a reasonable possibility the directors of Regiments Capital will be convicted for their alleged part in that looting, providing a basis to freeze their assets from the potential proceeds of crime.
This crucial case will be heard via Zoom on May 18, when Regiments Capital directors Niven Pillay, Litha Nyhonyha and Eric Wood will argue for the preservation order against them to be overturned or for the amount seized to be reduced...