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NPA steps in as Optimum Coal Terminal interdict falls away

The Johannesburg High Court has declined to grant a declaratory order sought by directors of the Gupta-linked Tegeta Exploration and Resources to prevent business rescue practitioners from progressing the rescue of Optimum Coal Terminal. The judgment, handed down on Tuesday, has, however, immediately sparked an engagement between the business rescue practitioners of the Terminal and the National Prosecuting Authority (NPA), which has threatened to seek another interdict if talks fail.

NPA steps in as Optimum Coal Terminal interdict falls away

Optimum on verge of bankruptcy

The giant Optimum coal mine will go bankrupt if the National Prosecuting Authority (NPA) prevents it from being transferred to Daniel McGowan’s Templar Capital, which helped the Guptas buy the mine in 2016.

Trillian liquidators label Centaur Mining a Gupta pu

Trillian liquidators label Centaur Mining a Gupta pu
dailymaverick.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymaverick.co.za Daily Mail and Mail on Sunday newspapers.

Liquidation and litigation woes: A strike at the heart

Liquidation and litigation woes: A strike at the heart
dailymaverick.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymaverick.co.za Daily Mail and Mail on Sunday newspapers.

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