Fears about Minister Dlodlo weren't unfounded. Six months into the job, she's been accused of issuing illegal interception orders, writes Adriaan Basson.
Bank of Baroda SA has paid R400 000 in administrative penalties into the Criminal Assets Recovery Account within the National Revenue Fund, after being fined by the SA Reserve Bank's Prudential Authority.
Bank statements show that the Free State government paid R334 202 652 over less than two years to Indian company Estina.
The Department of Mineral Resources will approach the commission of inquiry into state capture, and give evidence if asked to do so.
How the Guptas received billions and moved it around has mostly been a mystery. An extensive investigation by Scorpio and News24 pointed directly to the abuse of, among others, Bank of Baroda and SARS.
The Hawks are currently conducting a search and seizure operation at two branches of the Bank of Baroda relating to its state capture investigation.
The pay agent company who received the Gupta VAT payout by the SA Revenue Service was not registered with the Payment Association of South Africa, which means the transaction may have broken financial laws.
Gupta-owned companies may seek damages against the Bank of Baroda as a result of its departure from the country, the North Gauteng High Court has ruled as it rejected the interdict against the bank’s exit from South Africa.
The High Court in Pretoria is expected to deliver judgment in an urgent application by 19 Gupta-linked companies to prevent the Bank of Baroda from closing its South African operations.
The Bank of Baroda has been in possession of the 'proceeds of crime' linked to the dairy farm project that involved the Gupta family, says Thato Ntimutse, lawyer for the National Prosecuting Authority.
The Bank of Baroda seems to have found a way to distance itself from the Gupta family, despite two separate court orders forcing it to keep Gupta-linked accounts open.
The DA in the Free State has called on NPA head Shamila Batohi to reinstate corruption charges relating to the Estina dairy farm project.
Nearly R20m in Gupta-linked cash appears to be in limbo and may be forfeited to the state following a failed attempt to 'purchase' two aircraft owned by Sahara Computers.
The portfolio committee is still in the dark on whether they will be afforded the resources and budget needed to proceed with an inquiry into allegations of state capture affecting the Department of Mineral Resources.
The offer came minutes before creditors for the Boksburg-based engineering company were about to vote for liquidation.
The Gupta-linked Bank of Baroda has formally informed the Reserve Bank of its intention to exit the country.
A relatively unknown company is pushing to have the practitioners left in charge of the business rescue of Optimum coalmine out of the process, saying it is to prevent anyone linked to the Gupta family from taking part.
Judge Ntendeya Mavundla has dismissed the application of Gupta-linked companies against Bank of Baroda with costs.
It will take time to figure out the interrelationships between the various companies in the Gupta family’s crumbling empire.
The Bank of Baroda wants to withdraw from SA, but Gupta-owned companies want to compel it to stay on to offer them banking services.
The Organisation Undoing Tax Abuse says it is 'still trying to ascertain' what the bank shuttering its SA operations means for ring-fenced funds meant for mine rehabilitation.
Cape Town Northern SuburbsPlacement Point (Pty) LtdR420 000.00 - R480 000.00 Per Year
Western CapeLiberty Financial Advisers
Western CapeThe Building Company
R 2 450 000
R 1 885 000
R 3 395 000
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