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9 months ago
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The Gauteng High Court in Johannesburg.
The Gauteng High Court has ordered the sequestration of Gupta associate Eric Wood's estate, ruling in favour of Transnet's Second Defined Benefit Fund.
The company, which accused Woods of fraud and corruption amounting to R110 million, launched an application for the sequestration of his estate. It also claimed that he is now insolvent due to his debt surpassing the value of his assets.
The fund accused him of allegedly abusing his position as the pension fund advisor to its members' detriment.
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