NPA granted order to restrain at least R1bn in Regiments assets

• Published date: 04 May 2022
• Publication title: South African Official News

National Prosecuting Authority Investigative Directorate (NPA ID) Head, Advocate Andrea Johnson, says law enforcement is on the right track to winning the battle against perpetrators of state capture.

This after the NPA scored a crucial victory in the Gauteng High Court when the court upheld the ID's application to restrain at least R1 billion in assets of Gupta linked company, Regiment Capital.

'This was a tough fight, but much appreciated in the long battle against state capture. This is just the beginning of law enforcement reclaiming the state from the jaws of capture. This is a clear indication that the directorate is hard at work in holding those most responsible to account,' Johnson said.

In the State Capture report released by Chief Justice Raymond Zondo, the company is accused of fraud, corruption, and money laundering after doing 'advisory work' for Transnet during the acquisition of at least 1064 locomotives.

Added to this, the company is...