Outa moves to freeze Gupta mines’ rehabilitation trust fund accounts

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.