on air now
up next
Up Next
Magic Music Mix
on air now
up next
Up Next
Magic Music Mix
 

Saftu commends NPA Asset Forfeiture Unit for taking action against Gupta-linked company


The South African Federation of Trade Unions applauded the Asset Forfeiture Unit for obtaining an order under Section 38 of the Proceeds of Crime Act against the Gupta-linked company, Trillian and consulting firm McKinsey, that allegedly acquired money from Eskom by illegal means.

Trillian is accused of unduly benefiting to the tune of nearly R600 million, while McKinsey allegedly pocketed more than a billion rand through corruption.

In October, SAFTU laid criminal charges against Trillian and its shareholders.

Saftu's acting spokesperson Patrick Craven praised the unit for taking action.

"This really is the first concrete legal step to deal with all the allegations which have emerged in the "State of Capture" report and in Jacques Pauw’s book. Up until now, there has been no action, the Asset Forfeiture Unit has been prepared to move when they saw clear evidence that there was an unanswerable case for applying the law which allows the courts to seize assets of a company which is shown to have acquired money by illegal means," he said.

The Asset Forfeiture Unit is expected to execute a preservation order against consulting firm McKinsey and Gupta-linked Trillian to freeze assets worth an estimated R1.6-bn on Tuesday.