Huge R36m fee paid to Gupta-linked firm leaves auditors sceptical
Neotel executives could not say what work they paid Homix for, Deloitte auditor Chetan Vaghela tells state capture inquiry
11 June 2019 - 18:26
Deloitte auditor Chetan Vaghela told the state capture inquiry on Tuesday that an investigation had found that Neotel bosses breached their authority and did not act in the best interests of the company when they paid Gupta-linked letterbox firm Homix to secure a lucrative Transnet contract.
Vaghela was testifying about an audit conducted by Deloitte into a R1.8bn information and communications technology deal between Transnet and Neotel‚ which Homix allegedly facilitated for a R36m fee...
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