News24.com | Court freezes just a few of top lawyer Barnabas Xulu’s monetary institution accounts in prolonged-running lawful costs dispute

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News24.com | Court freezes just a few of top lawyer Barnabas Xulu’s monetary institution accounts in prolonged-running lawful costs dispute

News24.com | Court freezes just a few of top lawyer Barnabas Xulu’s monetary institution accounts in prolonged-running lawful costs dispute
  • Lawyer Barnabas Xulu had his monetary institution accounts frozen by a court docket pronounce.
  • A settlement agreement is the topic of a dispute between Xulu and the Ambiance, Forestry and Fisheries Department.
  • The division secured an pronounce that his monetary institution accounts be frozen, and a home and Porsche secured till the topic is resolved.

A pair of of effectively-identified lawyer Barnabas Xulu’s monetary institution accounts had been ordered frozen by the Western Cape High Court in a prolonged-running war with the Department of Ambiance, Forestry and Fisheries over lawful costs paid by the division.

Xulu has performed lawful work for the division, however the validity of the Carrier Stage Settlement (SLA) and a settlement agreement has been the topic of a prolonged-running dispute and inner battles, which devour spilled into the high court docket.

It incorporated costs for going by a fancy 7.5 million US dollars restitution fee agreement between US authorities, foreign banking institutions and the Nationwide Prosecuting Authority (NPA) by a convicted lobster smuggler. 

Xulu’s companies and products had been to be terminated in August 2018, besides for for the US case, however the Department of Agriculture, Forestry and Fisheries (earlier than the division used to be separated into Department of Ambiance, Forestry and Fisheries), and Treasury, agreed to decide on for an quantity of R20 million.

The troubles then escalated over whether the agreement used to be official or now not.

The parties had been in a war over who owes who, and whether he must silent pay the money back.

An pronounce in favour of both departments, dated 12 October, gave watch that Xulu and the firm – Barnabus Xulu & Partners Included – must silent give reasons why he must silent now not pay R20 242 272. 90. 

For the time being, Incovision (Pty) Ltd, Setlacorp (Pty) Ltd and Xulu had been ordered now to not allow the transfer, dissipation or withdrawal of funds from their accounts. 

READ | Prime lawyer Barnabas Xulu ordered to pay back R20m in lawful costs to fisheries division

This entails money got, or to be got in future without spin away of the division. Moreover, First Nationwide Bank and Investec Bank had been furthermore interdicted from allowing transfer, dissipation or withdrawal of funds from the three accounts, or any entity Xulu has adjust over. 

Incovision and Xulu had been interdicted over a property in Sheffield Seashore in KwaZulu-Natal. An inventory of sources at the property must silent be taken, and no sources might well be eradicated from it.  

The Sheriff within the narrate used to be instructed to enter the property for the stock, taking a locksmith, if crucial, or by force, and the companies and products of Tracker had been to be mature to trace and steady the Porsche. 

Xulu indicated to News24 that it involves the restitution fee and companies and products rendered to accept the money back to the South African authorities, to set aside up for the loss of the country’s marine sources within the lobster case.

This agreement furthermore alive to a fastidiously brokered settlement with the accused parties within the US, and banks in other countries. 

“[The] search info from is, does it must be performed gratis or [does] the narrate devour to pay for this sweat,” Xulu told News24 in a WhatsApp message when asked for comment. 

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

First Nationwide Bank and Investec Bank must furthermore give the division monetary institution statements held by Incovision, Setlacorp and Xulu between 1 July 2019 and the date of the pronounce.

The pronounce stands till the topic of the R20 million is heard in elephantine.

Xulu had been ordered in January to pay the money back by April. 

This furthermore comes after an application by the division on 6 October, wherein Xulu used to be to devour paid passion by the end of business on 5 October of R3.4 million and R380 000. 

A subsequent pronounce on 15 October furthermore prevented the transfer of shares touching on to the Sheffield property’s ownership.  

The orders had been handed down within the Western Cape High Court, the place Xulu, coincidentally, has furthermore represented Think President John Hlophe on issues running at the Judicial Carrier Commission. 


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