Gupta minions wrote fake Nene letter to top Chinese banker
The Guptas are reported to have received over R5-billion in alleged kickbacks from China South Rail, which was awarded the bulk of the Transnet contract
Gupta-linked business associates penned and peddled a letter in the name of former finance minister Nhlanhla Nene - who has labelled it a "fake" and a "fabrication" - related to the funding of Transnet's multi-billion locomotive procurement project. The Times has found the letter in the hundreds of thousands of leaked Gupta e-mails. The letter, written in Nene's name, was addressed to the China Development Bank board chairman, Hu Huaibang, in January 2015. In June 2015, Transnet's chief executive, Siyabonga Gama, who was then acting CEO, announced at a World Economic Forum press conference that the bank had agreed to a R30-billion loan. The loan was nearly the exact amount paid to the Chinese companies that won the majority of the tender, China South Rail and North China Rail. The e-mail's metadata shows that the letter was actually written by Tewodros Gebreselasie, a senior economic adviser with Regiments Capital. Regiments is an investment company that was involved in the now-cont...
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