STATE CAPTURE
New probe implicates Brian Molefe and Gupta allies in Transnet deal
The findings against former Transnet CEO Brian Molefe and Gupta allies by Mncedisi Ndlovu & Sedumedi (MNS) attorneys mirror conclusions by Werksmans Attorneys’ probe that stated they might have breached procurement regulations. DA spokeswoman on public enterprises Natasha Mazzone said the reports from the two law firms had reached the same conclusion on the magnitude of the criminal enterprise that Molefe and the Gupta associates presided over for the benefit of Gupta-linked firms. She said the reports "provide enough evidence for a criminal investigation to be instituted". The DA was planning to lay criminal charges at the Cape Town central police station against Molefe and three others allegedly linked to the R15.4bn inflation in the price of the parastatal’s R54bn locomotive acquisition contract. Criminal charges Also being targeted for criminal charges are Transnet’s former chief financial officer Anoj Singh, former chairman of the Transnet board’s acquisitions and disposals com...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.