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Regiments Capital's asset forfeiture judgment postponed as liquidation gets underway

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Regiments Capital Executive Chairman Litha Nyhonyha in Johannesburg, South Africa.
Regiments Capital Executive Chairman Litha Nyhonyha in Johannesburg, South Africa.
Johnny Onverwacht

South Gauteng High Court Judge Maletsatsi Mahalelo has once again postponed judgment on the final forfeiture order on Regiments Capital’s R1.6 billion asset freeze by the National Prosecuting Authority’s Investigating Directorate.

Last year, the NPA’s ID obtained an interim restraint order against Regiments to freeze the company’s assets. This follows the ID’s probe on the company for money laundering, fraud and corruption on state freight and rail entity Transnet’s tenders and contracts for the acquisition of about 1 000 locomotives and rail maintenance from 2010 to 2019. 

In September, Mahalelo postponed her judgment on the matter, saying that it wasn’t ready. However, on Thursday, she once again postponed the judgement, this time to 26 October.

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