JOHANNESBURG – The controversial Gupta family may lose its recently-acquired Optimum Coal Mine.
A multinational company is threatening the mine with liquidation, claiming it is owed money for goods and services.
Barely a week ago, reports emerged that R1.3-billion of Optimum Coals rehabilitation funds, were transferred from a Standard Bank account to the Bank of Baroda a state-owned Indian bank.
eNCA has a statement issued by listed company, Barloworld Equipment.
In it, the company confirms that it has applied to a High Court for the liquidation of Optimum Coal Mine.
The politically-connected Gupta family recently purchased the mine.
Barloworld Equipment says it did not make the decision to go to court lightly, and it follows 13-mo…
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