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

BNC#9 | Viljoen Q&A: The investment advice most fund managers won't give you

Piet Viljoen doesn't read the news, doesn't watch the Fed, and thinks most of what the investment industry sells you is jargon designed to make simple things sound complicated. In his Q&A at BNC#9, he went after executive pay, looked at private equity's real return profile, explained why he avoids…
9 Sep 10AM 32 min

Sam Montsi: Keep “crazy” people out of power!

In this interview with Chris Steyn, business icon and author Sam Montsi, gives his take on revelations at the Madlanga Commission of Inquiry, as well as the worldwide impact of US President Donald Trump’s actions. On political and police capture by crime cartels, he says: “It's frightening what has happened…
9 Sep 5AM 17 min