News24.com | Court freezes a couple of of top attorney Barnabas Xulu’s financial institution accounts in prolonged-running correct prices dispute

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News24.com | Court freezes a couple of of top attorney Barnabas Xulu’s financial institution accounts in prolonged-running correct prices dispute

News24.com | Court freezes a couple of of top attorney Barnabas Xulu’s financial institution accounts in prolonged-running correct prices dispute
  • Attorney Barnabas Xulu had his financial institution accounts frozen by a court repeat.
  • A settlement settlement is the topic of a dispute between Xulu and the Atmosphere, Forestry and Fisheries Department.
  • The department secured an repeat that his financial institution accounts be frozen, and a dwelling and Porsche secured till the topic is resolved.

A pair of of famend attorney Barnabas Xulu’s financial institution accounts were ordered frozen by the Western Cape Excessive Court in a prolonged-running wrestle with the Department of Atmosphere, Forestry and Fisheries over correct prices paid by the department.

Xulu has done correct work for the department, but the validity of the Carrier Level Agreement (SLA) and a settlement settlement has been the topic of a prolonged-running dispute and interior battles, which procure spilled into the high court.

It integrated prices for facing a complex 7.5 million US dollars restitution price settlement between US authorities, international banking establishments and the National Prosecuting Authority (NPA) by a convicted lobster smuggler. 

Xulu’s products and services were to be terminated in August 2018, other than for the US case, but the Department of Agriculture, Forestry and Fisheries (sooner than the department become separated into Department of Atmosphere, Forestry and Fisheries), and Treasury, agreed to accept an amount of R20 million.

The troubles then escalated over whether the settlement become proper or not.

The parties procure been in a wrestle over who owes who, and whether he need to pay the a refund.

An repeat in favour of every departments, dated 12 October, gave leer that Xulu and the firm – Barnabus Xulu & Companions Integrated – need to give causes why he need to never pay R20 242 272. 90. 

In the duration in-between, Incovision (Pty) Ltd, Setlacorp (Pty) Ltd and Xulu were ordered to not allow the switch, dissipation or withdrawal of funds from their accounts. 

READ | Prime attorney Barnabas Xulu ordered to pay wait on R20m in correct prices to fisheries department

This contains money got, or to be got in future without leave of the department. Also, First National Bank and Investec Bank were also interdicted from allowing switch, dissipation or withdrawal of funds from the three accounts, or any entity Xulu has control over. 

Incovision and Xulu were interdicted over a property in Sheffield Seaside in KwaZulu-Natal. A listing of resources on the property need to be taken, and no resources would be removed from it.  

The Sheriff in the notify become suggested to enter the property for the stock, taking a locksmith, if wanted, or by power, and the products and services of Tracker were to be aged to stamp and gain the Porsche. 

Xulu indicated to News24 that it contains the restitution price and products and services rendered to get the a refund to the South African authorities, to take up for the loss of the nation’s marine resources in the lobster case.

This settlement also interested a in moderation brokered settlement with the accused parties in the US, and banks in other countries. 

“[The] question is, does it need to be done without cost or [does] the notify need to pay for this sweat,” Xulu suggested News24 in a WhatsApp message when requested for comment. 

“Bxi (Xulu) is being paraded as a criminal to not be arrested, but victimised,” he acknowledged.

First National Bank and Investec Bank need to also give the department financial institution statements held by Incovision, Setlacorp and Xulu between 1 July 2019 and the date of the repeat.

The repeat stands till the topic of the R20 million is heard in fleshy.

Xulu had been ordered in January to pay the a refund by April. 

This also comes after an utility by the department on 6 October, in which Xulu become to procure paid ardour by the shut of industry on 5 October of R3.4 million and R380 000. 

A subsequent repeat on 15 October also averted the switch of shares relating to the Sheffield property’s ownership.  

The orders were handed down in the Western Cape Excessive Court, the attach Xulu, coincidentally, has also represented Grab President John Hlophe on matters running on the Judicial Carrier Rate. 


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