Trillions of state capture loot can be recovered with civil freezing orders - If the state allow it. скачать в хорошем качестве

Trillions of state capture loot can be recovered with civil freezing orders - If the state allow it.

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. - Chris Steyn Video production by Asime Nyide Your early morning brew of the BizNews Insider keeps you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here - https://bit.ly/3lfVRYP --- Timestamps 00:09 - Introductions 00:33 - Christopher Bean on his qualifications 01:47 - On what he wants to do in terms of recovering money 02:19 - On how it can be achieved 03:50 - Why the South African authorities have not done this themselves 05:37 - The need for a mandate 07:03 - What would happen if they got the mandate 12:40 - The difficulties of such a task 14:20 - In how many countries has he done this successfully 16:14 - On the dangers associated with state capture loot 17:51 - On the money that is out there that could still be recovered 20:19 - Conclusions