This is an AI-generated summary of a selected monitored public legal source and may omit context. It is general information only, not legal advice, and is not a substitute for reading the source or consulting an attorney.
AI summary
The notice records a decision by the South African Reserve Bank to forfeit R49 375.06 held in a Nedbank account standing to the credit of Mr Li Chen. It says the amount, together with any interest or other accrual, is forfeited to the State on publication of the notice in the Gazette and will be deposited into the National Revenue Fund.
This may be relevant to persons following exchange control forfeiture notices and SARB general notices.
Evidence from source
I hereby give notice of a decision to forfeit to the State the following money and I hereby declare and order forfeit to the State the following money, namely: 2.1 the amount of R49 375.06, in account number 1141069938 held with Nedbank Lim
Supports: Plain summary sentence 1
The date upon which the money specified in 2 above is hereby forfeited to the State is the date upon which this Notice and Order of Forfeiture is published in this Gazette.
Supports: Plain summary sentence 2
This Notice also constitutes a written order, as contemplated in Exchange Control Regulation 22B, in terms of which the money specified in 2 above is hereby forfeited to the State.
Supports: Plain summary sentence 2