SEIZE SILVER TIGER TRADES R5M FUNDS
The South African Reserve Bank (Sarb) last week issued a notice of forfeiture against Silver Tiger Trade for more than R5 million in assets held in accounts at Standard Bank and crypto exchange Ovex.
The notice says the funds will be deposited into the National Revenue Fund (the central fund for national government).
This is the latest forfeiture by the Reserve Bank under exchange control regulations.
The notice gives no details as to the nature of the alleged breaches, but it is believed to be the first time the central bank has issued a forfeiture notice to a crypto exchange.
Odendaal precedent
A legal precedent was set in April when Sarb attached the assets of Berdine Odendaal, the reputed lover of former Steinhoff CEO Markus Jooste, who committed suicide in March just as he was due to be arrested for fraud.
Denne historien er fra October 08, 2024-utgaven av The Citizen.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra October 08, 2024-utgaven av The Citizen.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Bad memories help inspire Williams
With the Fifa international break back in full swing, Bafana Bafana captain Ronwen Williams has explained why heavy defeats to Brazil and France are always at the back of his mind.
HUGO GETS TOUGH
»» Itis understood the behaviour of the player forced Broos to put him out of the team’,
Proteas undone in dead rubber
BELOW PAR: SA OUTPLAYED BY IRELAND IN EVERY FACET
Lions sweating over Wolhuter
URC TOUR: HOLDING THUMBS BUDDING FLYHALEF IS FIT
Mofokeng is a Riveiro fan
CONTRACT: PIRATES STARLET WOULD LOVE THE COACH TO EXTEND HIS STAY
Missed chance for justice
»» Jooste’s death left him as most senior executive involved in the catastrophe.
Sarb's asset hit list
»» Precedent set when the Reserve Bank went after the assets of Jooste’s ex-lover.
Land grab case heads for UN
»» World leaders to hear of exploitation of the Cofan Avie group.
SA-Nigeria rivalry still ugly
Friction at many levels as pageants, sport used as weapons.
October 7 horror is relived
»» Square opened in Houghton to mark terror attack.
