Outa moves to freeze Gupta mines’ rehabilitation trust fund accounts

September 21, 2017

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The Organisation Undoing Tax Abuse (Outa) plans to bring about an urgent interdict against the Bank of Baroda to freeze the R1.75-billion held in the Gupta-owned Optimum and Koornfontein coal mines’ rehabilitation trust fund accounts. The group on Thursday said in a statement that the interdict was being filed in the Pretoria High Court, following the dismissal of Gupta-owned investment holding firm Oakbay’s application to stop the Bank of Baroda closing their accounts.

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