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Regiments Capital has suffered a significant loss in its bid to evade prosecution, with a full Bench of the high court ruling that there are reasonable grounds for believing that a criminal court may convict the defendants, including the director defendants, of the offences identified by the Na.
Eskom’s Dubai club of executives have joined the ranks of the unemployed, whistle-blower Suzanne Daniels has been fired and McKinsey & Co has returned nearly R1-billion it received from a tainted deal with the state-owned power utility. Yet Trillian Capital Partners, the company at the centre.
Under pressure to pay Eskom back nearly R600-million following a tainted deal, a broke Trillian Capital Partners says that Salim Essa, the Gupta family’s one-time chief lieutenant, left hundreds of millions of rand in unpaid ‘shareholder loans’ that he had extracted from the company.
The firm accused of having ushered the Guptas into state-owned enterprises paid back some ill-gotten gains, but there is likely to be no escape from a criminal indictment.