Trillions of state capture loot can be recovered with civil freezing orders - If the state allowed it...

Loading player...
Attorney Christopher Bean, who specialises in the recovery of stolen monies and assets, says: “We want to have it frozen in terms of local freezing orders which apply in those different countries. And then we want to bring the money back. It's that simple. However, says Bean, “there are people who don't want us to do that because it will expose who are the beneficiaries” of that money. And without a mandate, either from the National Prosecuting Authority (NPA) or a State Owned Enterprise (SOE), Bean can’t go after State Capture loot stashed across the world. He is now challenging CEOs of Public Enterprises to “have the cojones to stand up and have a conversation with us and see if we can help recover the money that belongs to this country so that we can all benefit”. Civil Attachment Orders a.k.a Freezing Orders, Mareva Injunctions and Magnitsky Attachment Orders are currently being used very successfully to attach millions of US$ in Putin Oligarch funds all over the world. Learn more about your ad choices. Visit megaphone.fm/adchoices
11 Aug 2023 9AM English South Africa Investing · Business News

Other recent episodes

Jasmine Opperman: Hamas-SA: 14 Bitcoin wallets

In this week’s NdB Sunday Show, intelligence analyst Jasmine Opperman of Fulcrum Analytics, reveals to Chris Steyn that there are 14 active cryptocurrency wallets linked to Hamas in South Africa. “We know that Hamas has offices in South Africa. We know that they allowed freedom to move…And that there are…
13 Sep 7AM 18 min

SA's Competition Commission has become a handbrake on the economy: Rob Rose

Bryan Brownrigg was never a currency trader. He sold foreign exchange to Standard Bank's institutional clients for 23 years. But when the Competition Commission decided that 28 banks had run a single conspiracy to rig the rand, his name went into the complaint anyway, and it took a decade and…
11 Sep 7AM 20 min