{"id":223554,"date":"2022-05-04T09:45:52","date_gmt":"2022-05-04T07:45:52","guid":{"rendered":"https:\/\/www.myza.co.za\/npa-granted-order-to-restrain-at-least-r1bn-in-regiments-assets\/"},"modified":"2022-05-04T09:45:52","modified_gmt":"2022-05-04T07:45:52","slug":"npa-granted-order-to-restrain-at-least-r1bn-in-regiments-assets","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/npa-granted-order-to-restrain-at-least-r1bn-in-regiments-assets\/","title":{"rendered":"NPA granted order to restrain at least R1bn in Regiments assets"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/www.sanews.gov.za\/sites\/default\/files\/2012\/images\/newsstorytemplate\/202205\/andreajohnson.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p>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.<\/p>\n<p>This after the NPA scored a crucial victory in the Gauteng High Court when the court upheld the ID\u2019s application to restrain at least R1 billion in assets of Gupta linked company, Regiment Capital.<\/p>\n<p>\u201cThis 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,\u201d Johnson said.<\/p>\n<p>In the State Capture report released by Chief Justice Raymond Zondo, the company is accused of fraud, corruption, and money laundering after doing \u201cadvisory work\u201d for Transnet during the acquisition of at least 1064 locomotives.<\/p>\n<p>Added to this, the company is also facing a litany of other criminal charges including racketeering and a potential tax bill standing at more than R200 million in March last year.<\/p>\n<p>According to ID spokesperson, Sindisiwe Seboka, an interim freezing order was granted in 2019 but was discharged just short of a year later.<\/p>\n<p>\u201cThe court of appeal\u2026ordered that the restraint order initially issued by Judge Wright be varied from R1.108 billion to R1.6 billion. However, due regard should be taken to the repayment which Regiments has made to the Transnet Second Defined Benefit fund in the amount of R639 million. This then takes the total of restrained assets to R1.05billion,\u201d Seboka said.<\/p>\n<p>The Investigating Directorate \u2013 which was set up in 2019 \u2013 currently has declared 82 investigations and enrolled 20 cases with 65 accused persons. \u2013 <strong>SAnews.gov.za<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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\u2019s application to restrain at least R1 billion in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":223555,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[38678],"class_list":{"0":"post-223554","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-south-africa","8":"tag-sanews","9":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/05\/npa-granted-order-to-restrain-at-least-r1bn-in-regiments-assets.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/223554","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=223554"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/223554\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media\/223555"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=223554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=223554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=223554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}