Court orders Prasa CFO to pay back R8.2m from dodgy contracts
The first contract was his hiring as CFO and the second was a day-to-day contract given to him by Montana after he had been fired
Former Passenger Rail Agency of SA (Prasa) chief financial officer Fenton Gastin must pay back just over R8.2-million he received in terms of invalidated contracts signed by the agency's now disgraced CEO, Lucky Montana.
The Pretoria High Court last week ruled that two contracts entered into with Gastin by Montana "in a deliberate attempt to defraud" Prasa were invalid and that he must refund his former employer.
Former Passenger Rail Agency of SA (Prasa) chief financial officer Fenton Gastin must pay back just over R8.2-million he received in terms of invalidated contracts signed by the agency's now disgraced CEO, Lucky Montana. The Pretoria High Court last week ruled that two contracts entered into with Gastin by Montana "in a deliberate attempt to defraud" Prasa were invalid and that he must refund his former employer.
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.