The Free State High Court in Bloemfontein has set aside the R250 million preservation order obtained by the Asset Forfeiture Unit (AFU) against several Gupta companies, their directors, and three Free State government employees.
The Gupta-linked companies and individuals recently challenged the order which the AFU obtained against them in April while their criminal case was pending.
According to EWN reporter Barry Bateman, the court has found that there are no reasonable grounds for believing that the State could secure successful prosecution against entities or parties involved in the Estina Dairy Farm.
This is a significant blow for the State in an early finding like this, before we even get to the Criminal Court, that the evidence has been tested and found to be wanting.— Barry Bateman, EWN reporter
What the judge was essentially saying is that you show us that there was movement of money from the Standard Bank account to the Bank of Baroda, there were millions moved from here to there, but you haven't told us what this is all about to support the claim of fraud or money laundering.— Barry Bateman, EWN reporter
And that is where they lack the capacity within the NPA and AFU, they just don't have the people who are able to read the numbers.— Barry Bateman, EWN reporter
To hear the rest of the interview with EWN's Barry Bateman, listen below: