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NPA looking to sell multi-billion rand Optimum coal mine to recoup State Capture funds

NPA targets Tegeta shares in Optimum Coal Mine in bid to claw back R3 4bn in state capture proceeds

NPA seeks permission to sell multi-billion Optimum coal mine

AfriForum to challenge NPA s decision not to seize assets in Sharemax scandal

AfriForum’s Private Prosecution Unit is preparing to take the National Prosecuting Authority’s (NPA) decision not to obtain a preservation order against the assets of the Nova Property Group (previously Sharemax) on review. The NPA regularly acts against similar investment schemes on behalf of investors, but inexplicably has opted not to act in this decades-long scandal. In a letter to Deputy National Director of Public Prosecutions and head of the Asset Forfeiture Unit (AFU), Adv. Ouma Rabaji-Rasethaba, AfriForum requested the legal opinion upon which the decision was made. The Private Prosecution Unit told Rabaji-Rasethaba that it wants to study the legal opinion first to ensure that all channels have been exhausted before approaching the court.

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