The High Court in Bloemfontein has ruled that the Gupta companies will have their assets unfrozen. It says there’s no evidence showing grounds to hold the assets of Gupta-linked people and companies.
The assets, which are worth around 250-million-rand, were seized during a raid on the family’s home in Saxonwold, Johannesburg, as part of the ongoing investigation into the Estina dairy farm project in Vrede.
Judge Philip Loubser says there isn’t enough evidence to show reasonable grounds to reserve the assets against Gupta linked people and companies.
“It therefore appears that this issue is not either here nor there and therefore I do not propose to take it any further. As far as costs are concerned the court has to express its displeasure in the failure of the NDPP to include the Baroda affidavit in its finding papers and to provide its funding pertaining to the judgement of the following order is therefore made the provisional restraints order in respects to the first applicant is discharged with costs. The costs of two council and the provisional of two council in respects applicants mainly the sixth and the seventh applicant are discharged with costs of two council.”