R50 billion could be returned to state coffers

No wonder King Solomon in the Bible warns about those who wink with the eye. Here our Gupta buddy Adv Shaun Abrahamas shows how its done. (Photo sourced.)

The Asset Forfeiture Unit’s head of operations, Advocate Knorx Molelle, during a live television interview on Tuesday afternoon, confirmed that the preservation order obtained against global consulting firm McKinsey and Gupta-linked Trillian is but the first of several in the state capture investigation, reported Jessica Bezuidenhout of Daily Maverick.

 The AFU’s head of operations, Advocate Knorx Molelle told news channel, eNCA, that there are about six other such applications linked to the units state capture investigations, but would not provide detail until such time as they are concluded.

In addition, a joint team of investigators are busy consolidating 17 matters that involve about R50-billion, suspected to be the proceeds of crime, which is being sought to be returned to state coffers. “Our priority is to secure the funds,” Molelle said.