Court papers show Transnet executives ‘colluded fraudulently’
Court papers filed by Transnet to recover R189m in inflated payments from Gupta-linked Regiments Capital have revealed collusion by senior executives of the state-owned firm, in allowing the transaction.
Former Transnet CEO Siyabonga Gama, ex-chief financial officer Anoj Singh, Robert Ramosebudi who resigned in October as group treasurer and Garry Pita who vacated his chief financial officer position in April, is said to have “colluded fraudulently to cause Transnet to transfer to Regiments an over-payment of R151m”.
The papers filed in the South Gauteng Court on Thursday, list among other allegations the following eight transgressions by the executives:
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