The State’s case against Nulane Investments and six other accused has collapsed, in the Free State High Court.
Acting Judge Nompumelelo Gusha was scathing about the prosecution’s case and stopped short of calling the NPA incompetent.
The accused faced charges of fraud and money laundering in a case that involved R24.9m paid to Nulane Investment.
The state alleges the transaction paved the way for the controversial R280m Estina Dairy project.
Source: eNCA
In other news – Faith Nketsi’s husband on the run as he flees his Hyde Park mansion
Troubled business mogul Nzuzo Njilo is allegedly on the run after the South African Police Service issued a warrant of arrest against him. A local publication has it that Njilo has since vacated his multimillion-rand Hyde Park mansion in the leafy suburbs of Johannesburg amid a police search.
Reports have it that the mansion was sold over a month ago. In the wake of these developments, little is known about his whereabouts, given that the mansion’s address was his last known address. Learn More